QUESTION: now that π©πͺ halted certification of #NordStream2 will it cause gas shortages in Europe?
ANSWER: no.
in 2021, ~40 BCM of gas arrived in πͺπΊ via #Ukraine πΊπ¦ (that's roughly equivalent to π©πͺ's total gas consumption)
0 BCM of gas was transited to πͺπΊ via #NS2
π§΅THREAD
ANSWER: no.
in 2021, ~40 BCM of gas arrived in πͺπΊ via #Ukraine πΊπ¦ (that's roughly equivalent to π©πͺ's total gas consumption)
0 BCM of gas was transited to πͺπΊ via #NS2
π§΅THREAD
NS2 was never going to bring new gas to πͺπΊ
It's a question of simple arithmetic.
π¨ total gas exports from π·πΊ to πͺπΊ in 2021 = 140 bcm
π¨ maximum gas exports from π·πΊ to πͺπΊ estimated at ~200 bcm by Gazprom itself
π¨ total existing transit capacity to bring π·πΊ gas to πͺπΊ = 266 bcm
It's a question of simple arithmetic.
π¨ total gas exports from π·πΊ to πͺπΊ in 2021 = 140 bcm
π¨ maximum gas exports from π·πΊ to πͺπΊ estimated at ~200 bcm by Gazprom itself
π¨ total existing transit capacity to bring π·πΊ gas to πͺπΊ = 266 bcm
The gas crunch in Europe is a consequence of discretionary and deliberate efforts by Gazprom.
Don't take our word for it, just ask @fbirol of @IEA - the most respected international body, staunchly neutral, always objective and data-driven
theguardian.com/business/2022/β¦
Don't take our word for it, just ask @fbirol of @IEA - the most respected international body, staunchly neutral, always objective and data-driven
theguardian.com/business/2022/β¦
At present, Gazprom has contracted our transit capacity under the 5-year contract, but itβs using half of what it is paying for.
There is no commercial justification for it.
linkedin.com/feed/update/urβ¦
There is no commercial justification for it.
linkedin.com/feed/update/urβ¦
Ukraine's GTSOU stands ready to transit as much gas as Europe requires.
The cancelation of NS2 impacts nothing in terms of transit capacities to bring gas to Europe.
euractiv.com/section/globalβ¦
The cancelation of NS2 impacts nothing in terms of transit capacities to bring gas to Europe.
euractiv.com/section/globalβ¦
If π©πͺ were to double its imports of π·πΊ gas in 2022, the existing system can easily handle it. In fact, Germany can triple its imports of Russian gas, and the need for Nord Stream 2 still wouldn't arise
Our intention is to continue gas transit. We do not intend to use energy as a weapon. We do not use gas transit as leverage. We are doing what a regulated utility does. We transit gas.
linkedin.com/feed/update/urβ¦
linkedin.com/feed/update/urβ¦
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