Editor’s note: On April 26th the state-owned gas firms of Bulgaria and Poland said they had been warned by Gazprom that it would stop all deliveries of gas to them within 24 hours. It would be the first such action by Russia’s energy giant since the outbreak of war in Ukraine. Almost half of Poland’s gas, and nine-tenths of Bulgaria’s, is from Russia.
Russia’s invasion of Ukraine has led to renewed speculation about the future of European energy, and in particular about its supply of natural gas. The continent gets around a quarter of its energy from gas. In 2019 Russia provided over 40% of that gas. The West has not gone so far as to place limits on Russian gas exports, although Germany has suspended the licensing of Nord Stream 2 (ns2), a completed but not yet operational pipeline between Russia and Germany. But what if Vladimir Putin, Russia’s president, were to cut off gas to the West? One alternative source of energy is liquefied natural gas (lng), which is usually transported by sea. To what extent could lng replace piped Russian gas as a source of energy for Europe?
No comments:
Post a Comment