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GAS CHOKEPOINT IN THE UKRAINE!
From The Economist, here: How will Europe cope if Russia cuts off its gas?
Excerpt:
It's time for Europe to Bite-the-bullet and do what it should have done long, long before it became dependent upon Russian gas or oil.
It's time to change the means of providing both heating and cooking energies to the EU-population as a whole. (Russia needs badly a lesson on the matter.)
Any supply of natural gas typically costing around $200M a day (in Europe) make it well worth considering other alternatives than Russia. And here is a key-factor when considering the necessity of an alternative energy-supplier:
Perhaps this graphic will show how Europe's concentrated Russian gas passes by a country at war? From here: Factbox: What are Europe's options in case of Russian gas disruption?
Excerpt:
The Ukraine is a "choke-point" for Russian-gas supplies to Europe. SURPRISE! SURPRISE!
From The Economist, here: How will Europe cope if Russia cuts off its gas?
Excerpt:
The conventional wisdom used to be that a complete shutdown of piped gas from Russia, which makes up roughly a third of the gas burned in Europe, was unthinkable. Thane Gustafson, author of “Klimat”, a thoughtful book on Russian energy, observes that even at the height of the cold war, the Soviet Union did not shut off gas exports. And during Russia’s fiercest dispute over gas with Ukraine, in 2009, only the gas flowing through that country was disrupted, and then only fleetingly.
But a shutdown is no longer unthinkable. Mr Gustafson now says: “I don’t think it is unlikely at all that Putin would actually reach for the gas tap over Ukraine.” Unlike his Soviet predecessors, the Russian president can afford the cost of a brief energy shock. Jaime Concha of Energy Intelligence, an industry publisher, has crunched the numbers. Not counting any penalties and assuming the average daily price seen in the fourth quarter of 2021, he reckons a complete cut-off of piped gas to Europe would cost Gazprom between $203m and $228m a day in lost revenues.
It's time for Europe to Bite-the-bullet and do what it should have done long, long before it became dependent upon Russian gas or oil.
It's time to change the means of providing both heating and cooking energies to the EU-population as a whole. (Russia needs badly a lesson on the matter.)
Any supply of natural gas typically costing around $200M a day (in Europe) make it well worth considering other alternatives than Russia. And here is a key-factor when considering the necessity of an alternative energy-supplier:
Natural gas is used to heat about half of European households, and a big share of industry is powered by gas. Europe's gas consumption is as much as 10-fold the electricity consumption of the Nordic countries.
Perhaps this graphic will show how Europe's concentrated Russian gas passes by a country at war? From here: Factbox: What are Europe's options in case of Russian gas disruption?
Excerpt:
As the crisis between Russia and the West deepens on the borders of Ukraine, Europe and Russia’s long interdependence on one another for energy has become a critical bargaining piece on both sides.
Gas and oil-rich Russia is linked to European energy markets through a series of critical pipelines, the biggest flowing through Ukraine, which have become chokepoints for both sides in the negotiations to avert the growing crisis.
The Ukraine is a "choke-point" for Russian-gas supplies to Europe. SURPRISE! SURPRISE!