Natural gas alarm in Germany… Worst in the last 73 years

Creation Date: September 20, 2022 14:58

Germany, which is largely dependent on Russia for its natural gas purchases, is preparing for a harsh winter. The British media, which analyzed the latest situation in Germany, published a remarkable analysis. In the analysis, it was underlined that the price increases were the worst in the last 73 years. Bloomberg wrote about Germany’s natural gas plan.

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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.

Europe is preparing for the harshest winter of the last period after the Ukraine war and Russia’s cut off natural gas.

The British newspaper The Telegraph newspaper is one of the countries most affected by the energy crisis. GermanyHe scrutinized.

Stating that the German industry has experienced the biggest shock since 1949, the article underlined that the price increases were the worst in the last 73 years.

According to analysis by Tim Wallace, natural gas distribution prices increased 209 percent per year.

Wallece stated that this situation is directly related to Russia’s gas cut and made the following assessment;

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‘Rising inflation represents a growing threat to a German economy that may already be in recession.’

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.

GERMANY PLAYED THE LAST TRUCK: PRIME MINISTER IS TAKING A NATURAL GAS TOUR

On the other hand, Bloomberg wrote that Germany is looking for an alternative to Russian gas.

In the news, it was 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.”

Germany drawing attention to rising energy prices President Frank-Walter Steinmeier stated that this could cause poor people and especially families to lose their homes.

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.

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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.

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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