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I think his worry is the percentage of power production in Europe that shifted from Coal to Natural Gas (read Russian Natural Gas). But I just don't see it, I
by DoingIsLearning 4y ago
I think his worry is the percentage of power production in Europe that shifted from Coal to Natural Gas (read Russian Natural Gas).
But I just don't see it, I think governments in Europe would likely buy surplus US/Canada LNG ($$$) or scrable for extra gas from Norway/Qatar/Algeria instead of creating actual outages, specially considering how much coupling you have in EU power networks across countries. [0]
[0] https://en.wikipedia.org/wiki/Synchronous_grid_of_Continental_Europe https://en.wikipedia.org/wiki/Synchronous_grid_of_Continenta...
- Elhana 4y agoProblem is that you can't just go to Qatar and ask for some LNG delivery tommorow - they are supplying on long term contracts and they need to invest $$$ to increase production. Qatar already told EU (Germany?) that they can only supply extra if they sign a 20 year contract, not 1-2 years.
- DoingIsLearning 4y agoEvery single supplier will squeeze EU countries for Gas money because they know the EU is caught with their pants down. EU countries will have to budget accordingly to match the new cost of a failed Energy Policy based on hydrocarbon dependency. Hopefully this will accelerate the extinction of the Oil&Gas lobby, both for the environment of our future generations as well as our geo-political resilience.