EU gas supply issues will hit Irish market - Martin

  • 📰 rtenews
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 99%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Gas supply problems across the EU - if Russia cuts off stocks - will impact prices on the Irish market, Taoiseach Micheál Martin has warned

The European Commission has urged EU countries to reduce demand for natural gas by 15% over the coming months to secure winter stocks and defeat Russian"blackmail".

When asked if Ireland should expect blackouts, Mr Martin said that discussions are under way at EU level in respect of the decisions taken around Russian energy. — RTÉ News July 20, 2022 Last year, Russia represented 40% of the EU's total gas imports and any further disruption to supply would also push consumer prices higher and raise the risk of a deep recession."Russia is using energy as a weapon and therefore, in any event, whether it's a partial major cut off of Russian gas or total cut off... Europe needs to be ready."

"We cannot be complacent. Russia supplies 40% of Europe's gas demand and a complete cut-off, especially in winter, would be very difficult for Europe to manage," the minister and department said. "The European Commission is actively engaging with other countries to ensure sufficient and timely supply of natural gas to the EU from diverse sources across the globe to avoid supply shocks, including those that result from disruptions," the minister added.

Reducing usage by 15% would take the pressure off the gas wholesale market and off gas prices, Mr Cuffe said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Even more?

All these shortages are the EU fault stop blaming Russia own up to what the agenda really is.

Increase cow herd sizes and bottle their methane farts. I'll get Klaus on the phone 🤠

would like to add, Eamon Ryan is in charge of Irish energy, right? Are we screwed?

We could always use the turf. Or would you rather people freeze in winter for you egotistical 'green' agenda. Martin will be able to heat his home, bet your arse on that.

EU bans trade from Russia then blames Russia for reciprocation.

All planned

We should have been cutting down use of it the minute the war started every individual has their part to play .

Thank God for turf..🔥🔥🔥

The turf is home!!! 🎊🎊🎊🎉🎉🎉🎉

So while u follow orders from US, we are to pay through the nose or freeze? Like really?

So what is currently impacting the cost now then? We were all told it was the war, but seems it's not? What is it? Oh... pure fucking greed.

Meehole will give britain back their gas to please his NATO allies.

Is there anything to be said for another mass? Perhaps raise USC?

Yet the biggest problem facing Ireland is mehole martin and his cronies along with leaky and sleepy...

The American sanctions…don’t blame Russia, or at least not in front of anyone with over 2 digit IQ’s

👇

.

Interesting seeing our gas comes from corrib.

Ireland gets its gas from the UK. Under no circumstances should we cut our supply from the UK unless they (the UK) are prepared to give the 15% back to a fellow EU country. It would make no sense otherwise.

Time to lift ban on gas exploration and LNG storage...Thank God for Corrib field SF campaigned against it....Please don't shut down Moneypoint coal and Tarbert oil power stations.

The EU has brought this all on themselves. And of course, it's the ordinary folks who'll be hardest hit - it won't bother Mehole and the gang.

Feck granny this winter she can freeze to death now and the government won’t give a shit

Why? We get absolute minimum amount of gas from Russia

Time to get fracking.

Here we go, martin getting it in there for more price hikes to screw the public again. So the question is what is martin going to do proactively to protect the public?

If only Ukraine addressed Russian security concerns?

Singapore Singapore Latest News, Singapore Singapore Headlines