Business Maverick: Russia Curbs Gas Supplies to Germany in Warning for Europe

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Germany said Russia is using energy as a “weapon” after Moscow reduced natural gas supplies in retaliation for Europe’s penalties over the war in Ukraine.

A unit of Gazprom PJSC that was seized by Germany has had its deliveries reduced by about 10 million cubic meters a day, according to German Economy Minister Robert Habeck.

“The situation is escalating to the point that the use of energy as a weapon is becoming a reality,” Habeck told reporters on Thursday in response to Russia’s move. The tension comes just as a solution appeared to be emerging for what has been the main headache for weeks — Moscow’s demand for ruble payments for its gas. Companies including German giant Uniper SE were increasingly confident they could keep buying Russian supplies without breaching sanctions.

The fuel is a crucial part of the energy mix of Europe’s largest economy. Some 15% of Germany’s electricity is generated from gas — compared with less than 9% in 2000, as the country winds down nuclear and coal. The fuel is also critical for heating homes and industrial processes in the chemicals and pharmaceuticals sectors.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Germany must just drill with an articulated drill into the same gas source! It belongs to everyone not only the Russians!

The US is using the EU to engage in a proxy war with Russia with the aim of regime change. Ukraine is just the means, they don’t care about any Ukrainiens or protecting the so called democracy. War is big business for the US and they will prolong it as much as possible…$$$

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