Military Review

Foreign press: Diversification of energy sources will not solve the problem of Europe's dependence on Russian LNG

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Foreign press: Diversification of energy sources will not solve the problem of Europe's dependence on Russian LNG

According to Oilprice, despite the embargo from the EU and the US, it is hardly possible to completely abandon Russian LNG in the foreseeable future. The ban on the import of Russian coal, as well as oil, does not solve the problem, since many countries were forced to switch to Russian-made LNG, after a significant reduction in the volume of natural gas supplied through Nord Stream 1.


According to data provided by the Norwegian analytical company Rystad Energy, the supply of Russian LNG for the year (until September) by Novatek, a private company, was estimated at 1,2 million tons, or about $1-2 billion in monetary terms.

Russia ranks fourth in the world in terms of liquefied gas production, and since its share in the European market is about 15%, replacing it in a short time even through diversification is not an easy task. It turns out that Europe's dependence on Russian liquefied natural gas will continue in the near future, and this is a fact.

The problem of the EU countries also lies in the fact that, while blindly supporting US sanctions against Russian energy resources, they themselves cut the branch on which they sit. Oil deliveries through pipelines to Europe have already been significantly reduced, amounting to about 20% of the initial volumes before the start of the special operation, however, December 5, the day when this embargo will come into force, is not far off.

As for the “grand” EU plans to launch the REPoweer EU project, aimed not only at diversifying gas suppliers from other countries, but also at a smooth transition to green energy, outlined in the EU energy security strategy until 2027, they still remain only paper. The EU is trying to fill this niche at the expense of Norway, the second largest gas producer after Russia, but whether they succeed is a big question. At the same time, many EU countries followed suit, increasing the volume of supplies from Norway, such as the UK and Cyprus.

Nevertheless, the dependence of France (24%) and Germany (46%) on Russian fuel remains at the same level, while Hungary is rapidly increasing the supply of blue fuel from Russia, realizing how much the lack of cheap energy resources from this country can hit its economy. The United States and the Middle East also supply a significant amount of liquefied gas to Europe, but there are also concerns about shortages during this year, because gas prices beat everything historical records. Now 1000 cubic meters of gas in Europe sells for about $1300. This is hitting the EU industry, reducing its competitiveness.

The EU's rejection of Russian fossil energy sources in the long term could be solved by significant investments in gas infrastructure and the renewable energy industry, but so far this is not possible, and Europe will be forced to buy them from Russia, the foreign press states.
Author:
Photos used:
https://ru.wikipedia.org/wiki/User:TriD
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  1. Paul Siebert
    Paul Siebert 23 November 2022 09: 57
    +5
    Sometimes I think, maybe LGBT thinking has led Europe to the degradation of the brain?:
    1. Cheshire
      Cheshire 23 November 2022 10: 08
      +2
      Yes, once about a significant reduction in supplies to "SP - 1" what is worth. yes
    2. rocket757
      rocket757 23 November 2022 10: 21
      +1
      If there was a hole in the engine room, it would drown in the dark ... although some kind of backup power plants should be provided, but in fact, who knows how they did it there.
    3. tihonmarine
      tihonmarine 23 November 2022 10: 24
      +2
      When the Titanic sank, there was not only lighting, but even bars and a restaurant were working, and what will work in Europe when it sinks.
  2. kor1vet1974
    kor1vet1974 23 November 2022 09: 57
    +1
    This is hitting the EU industry, reducing its competitiveness.
    What is the US actually trying to achieve?
  3. tralflot1832
    tralflot1832 23 November 2022 10: 01
    +3
    Comrade Mikhelson knows what he’s doing. I’m especially pissed off by the Canadian-Chinese company “horns and hooves”, which has several LNG tankers and long-term contracts with Novatek .. And another joke 1/4 LNG on spot brought the same revenue as 3/4 on long-term contracts .Putin VV, so that life does not seem like honey, the other day raised the contribution to the state budget from LNG to 34%. So the gas oligarchs are taught to love their homeland. the eyes are not hidden..
    1. for
      for 23 November 2022 10: 38
      -1
      Quote: tralflot1832
      Putin VV, so that life does not seem like honey, recently raised deductions to the state budget from LNG to 34%.

      And then he will sign something like tax breaks, holidays, etc.
      On January 1, 2019, amendments were made to the Tax Code of the Russian Federation, which increased the VAT rate from 18 to 20 percent. It was assumed that due to this, the Russian treasury would be significantly enriched. According to the Ministry of Finance, in 2020, from raising the VAT rate to 20%, the budget should have been replenished by 639 billion rubles, in 2021 - by 686 billion, and in 2022 by 737 billion. Total - more than two trillion rubles in three years. This money was planned to be spent on national projects.

      At the same time, tax deductions in the areas of energy, extraction and primary processing of natural resources increased, and the amount of the deduction declared at the rate of 0% for the export of oil and oil products only by the largest taxpayers exceeded 147,3 billion rubles.

      Thus, as stated in the explanatory note to the draft law “On Amendments to Article 164 of Part Two of the Tax Code of the Russian Federation…”, the declared increase in the VAT rate to increase funding for national projects did not justify itself. Taxes, which placed an additional burden on the entire economy and citizens of the country, went to additional payments to the areas listed above, which, even without this increase in income, are the most highly profitable and with the highest salary in the country.

      So the gas oligarchs are taught to love their homeland.

      So the state is the main oligarch.
      "People's Treasure"
      1. tralflot1832
        tralflot1832 23 November 2022 10: 44
        -1
        Don't like the Russian oligarchs? Then the Americans will work for a bowl of soup. laughing
  4. rocket757
    rocket757 23 November 2022 10: 14
    +3
    Foreign press: Diversification of energy sources will not solve the problem of Europe's dependence on Russian LNG
    The problem is in the minds of those who SUPPORTED all this nonsense! Those who started this did not miss theirs and will not miss, MALASY !!!
  5. Kostadinov
    Kostadinov 23 November 2022 11: 03
    0
    According to Oilprice, despite the embargo from the EU and the US, it is hardly possible to completely abandon Russian LNG in the foreseeable future.

    The gas-oil strategy for winning the war from the West is an illusion and a dead end. We don't need to be deluded.
    The West, including the EU, spends much more energy than it really needs. In addition, oil and gas can be partially or completely replaced by other energy resources that are enough in the EU.
    It is necessary to win on the battlefield - there will be no energy strangulation of the EU.
    1. tralflot1832
      tralflot1832 23 November 2022 11: 12
      0
      But the development of the EU will hold back, the era of cheap resources is over.
    2. Sanichsan
      Sanichsan 23 November 2022 12: 27
      0
      Quote: Kostadinov
      In addition, oil and gas can be partially or completely replaced by other energy resources that are enough in the EU.

      firewood? belay and, there is also not enough firewood ... perhaps coal? No, and coal is also not enough. request
  6. Kostadinov
    Kostadinov 23 November 2022 12: 49
    0
    firewood? and, there is also not enough firewood ... perhaps coal? No, and coal is also not enough.

    Of course, with firewood, and agricultural waste, and bitovy waste, and marine biomass, and coal which will last for several hundred years, and gas which is still available in some EU countries, and solar energy, and wind energy, and geothermal energy. But in the first place and the main image is nuclear energy - it will last for several thousand years.