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To complete the economic picture, it would also be helpful to know how much gas Europe imports from Russia every year, and how much more expensive it would be t
by dane-pgp 5y ago
To complete the economic picture, it would also be helpful to know how much gas Europe imports from Russia every year, and how much more expensive it would be to buy that same amount of gas from other suppliers.
For example, if other sources of gas are twice as expensive, then Europe might want to import half as much from alternative suppliers as it does from Russia currently. If, on the other hand, other sources are only 10% more expensive, then reducing consumption by about 10% would produce an economically neutral result. (The only difference would be that people would have X amount less thermal energy, and would be Y degrees colder on average as a result).
- Sebb767 5y agoThere's also the problem of logistics. We have one (technically two) full pipelines for gas to Russia; even if we want to switch and buy all our gas elsewhere, it will be really hard to actually get it here.
- hommelix 5y agoThere are LNG terminals in Italy, France, Belgium, Netherlands and LNG import have increased to balanced the natural gas supplied from Russia. The article below shows that at the beginning of 2022 the European gas import from Russia were 39 % down against beginning of 2021. https://graphics.reuters.com/UKRAINE-CRISIS/GAS/gdpzynlxovw/ https://graphics.reuters.com/UKRAINE-CRISIS/GAS/gdpzynlxovw/
- Symbiote 5y agoWe have more than that, 12 according to Wikipedia: https://en.wikipedia.org/wiki/Russia_in_the_European_energy_sector#Natural_gas_deliveries https://en.wikipedia.org/wiki/Russia_in_the_European_energy_...