Flash natural gas decision from Germany

Creation Date: September 21, 2022 13:26

A remarkable move came from Germany, which is largely dependent on Russia in natural gas purchases. Germany has made its decision for Uniper, the country’s largest importer of Russian gas.

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RussiaThe energy crisis, which started with the war launched by Turkey against Ukraine, continues to affect Europe deeply.

The Kremlin has echoed the announcement that Russia will not fully resume gas supplies to Europe via the Nord Stream 1 pipeline unless sanctions against Moscow are lifted.

Klaus Müller, Chairman of the Bundesnetzagentur (BNetzA), the agency that regulates the energy market in Germany, announced that if Russia cuts off its gas supply completely, the gas storage facilities in the country can meet the demand for a maximum of 2.5 months.

One of the countries most affected by the energy crisis GermanyA flash natural gas decision came from .

Germany has decided to nationalize Uniper, the country’s largest importer of Russian gas.

Within the scope of the decision, it was announced that the government will transfer 8 billion euros of capital to Uniper.

According to the news in the country’s press, the German state became the owner of 99 percent of the company after the expropriation decision.

Uniper was having a hard time getting enough natural gas from Russia. When the gas flow was disrupted, the company had to sell the gas, which it bought expensive, at a low price in accordance with the agreements.

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U-TURN IN NUCLEAR ENERGY FROM GERMANY

Recently, Economy Minister Robert Habeck made a statement that meant the suspension of the zero-nuclear policy announced by then-Chancellor Angela Merkel in 2011.

Habeck, the government’s anti-nuclear partner, stated that “two of the three remaining nuclear power plants in the country will remain operational until mid-April 2023, just in case.”

This decision of Germany is interpreted as a ‘U-turn’ in the foreign press.

After the Fukushima nuclear disaster in Japan, Merkel decided to abandon atomic energy completely, and 3 of the 6 power plants in the country were shut down.

Bloomberg recently wrote that Germany is looking for an alternative to Russian gas, and the news reminded that Chancellor Scholz will travel to Saudi Arabia, Qatar and the UAE from Saturday, and said, “The Chancellor will probably sign delivery contracts this weekend.”

Russian state energy company Gazprom announced in April that it would suspend natural gas flow to GasTerra, which refuses to pay in rubles for the gas it supplies.

GasTerra, on the other hand, made a statement regarding the ruble payments and stated that Gazprom’s payment obligations for Russian natural gas would not be fulfilled.

Gazprom had also cut off gas supplies to Finland, which had previously refused to pay in rubles.

WHICH COUNTRIES ARE ON THE LIST?

With the decree signed by Putin, the list of ‘unfriendly countries’ became official in the past weeks.

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The list published by the Russian government included the USA and all EU countries. Ukraine, Montenegro, Switzerland, Albania, Andorra, Iceland, Liechtenstein, Monaco, Norway, San Marino, North Macedonia, as well as Japan, South Korea, Australia, Micronesia, New Zealand, Singapore and Taiwan were also on the list.

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