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In this context, countries decided European UnionToday, reduce consumption Gas by 15 percent and reduce reliance on supplies Russian gaswithin a contingency plan to reduce its use of this strategic substance in winter seasonwhich arrives early in Europe.
Europeans are afraid of the politics of Russia Mysterious about the gas supply.
Russia had announced earlier this July that it would halt gas supplies in the pipeline "Nord Stream 1" who supplies Germany gassed for reasons she said were related to maintenanceAnd after the gas supplies came back, she said, Moscow It will drop again because of a tech not convinced Berlin.
Economists believe that things are heading towards pricing "energy war" Between the Russians and the Europeans, with the military war continuing in Ukrainewarning that the margins of movement are almost non-existent for the Europeans to compensate for Russian gas, especially as the time factor is pressing them, as winter usually comes early in European countries.
Observers argue that Moscow has the right to use its power cards, including the energy card, in the face of Western sanctions and pressures, while others believe that the intrusion of energy and the practice of extortion in it is no less dangerous than playing with the strategic food commodity card such as wheat, and what all of this constitutes harming the energy and food security of the world.
Recession looms
And the economic advisor specializing in the energy sector, Amer Al-Shobaki, says in an interview with the website "Sky News Arabia": "European gas prices jumped by 12%, reaching more than 186 euros per megawatt-hour, and therefore these are very high prices that put pressure on inflation rates to rise, which confirms the validity of expectations that Europe is inevitably entering a phase of economic stagnation during the next near stage.".
Not only that, Al-Shobaki adds:"These rises pressured oil prices as well, against the backdrop of the expectation that oil would be a substitute for scarce gas in Europe. Thus, the exchange of accusations between the Russians and the European Union about who is right and who is wrong seems futile and does not contribute to overcoming the crisis, as it is easy to market justifications for cutting gas. Russia for technical reasons, if Moscow wants it".
He continued: "On the other hand, it is difficult for the Europeans to verify this, and it is also easy for Europe to launch accusations that Moscow is deliberately reducing gas supplies to it, which is difficult to categorically accept.".
Thus, the crisis is intensifying, with dire consequences, especially since winter is approaching, as the expert in the oil and energy sector explains.
Al-Shobaki adds: "European stocks of gas are now sought by the European Union to fill them by 80 percent until next November, and Berlin, for its part, is seeking to reach 95 percent of its stockpile, in anticipation of the possibility of Russia agreeing to cut gas completely before or during the winter, but European stocks are currently less than 66 percent And this pushes the direction of its depletion, and thus these stocks will decrease by mid-winter to less than 20%, which is a very worrying and dangerous percentage.".
Al-Shobaki said that the possibility of the Russians cutting off gas from Europe "Very realistic and contained, which means raising the maximum degree of European emergency".
Serious repercussions
He explained that this is "Transferring large quantities of gas for urgent social uses in homes and hospitals at the expense of some industries, as factories will stop working due to the lack of gas, and there are European plans to develop large public housing and halls to heat some residents who lack gas in their homes and cannot obtain it in the coming winter (…)".
Al-Shobaki adds:"This catastrophic scene predicts the occurrence of unrest, social unrest and large popular protests within European countries, as a result of high prices and the lack of energy sources, which will push towards fueling the Russian-European economic conflict, as Moscow is employing the gas and energy card in general now in anticipation of any new European sanctions, but rather to push the European Union To undo even some of the penalties currently in place".
European Union Energy Commissioner Kadri Simpson considered the announcement by Russia’s gas giant Gazprom that it would cut more deliveries to Europe this week as a politically motivated move.
Simpson added upon her arrival in Brussels to attend a meeting of European Union energy ministers "We know there is no technical reason to do this, this is a politically motivated move and we have to be prepared for it".
The Presidency of the European Union considered that reducing gas supplies "new guide" Not to rely on Moscow, while the German government called on citizens to reduce gas use after the announcement of "Gazprom" reduce their supply.
German Vice Chancellor and Minister of Economic Affairs and Climate Protection Robert Habeck considered that Russia is playing "cunning game" Announcing a cut in gas supply through a pipeline "Nord Stream 1".
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In this context, countries decided European UnionToday, reduce consumption Gas by 15 percent and reduce reliance on supplies Russian gaswithin a contingency plan to reduce its use of this strategic substance in winter seasonwhich arrives early in Europe.
Europeans are afraid of the politics of Russia Mysterious about the gas supply.
Russia had announced earlier this July that it would halt gas supplies in the pipeline.Nord Stream 1” who extends Germany gassed for reasons she said were related to maintenanceAnd after the gas supplies came back, she said, Moscow It will drop again because of a tech not convinced Berlin.
Economists believe that things are heading towards pricing.energy warBetween the Russians and the Europeans, with the military war continuing in Ukrainewarning that the margins of movement are almost non-existent for the Europeans to compensate for Russian gas, especially since the time factor is pressing them, as winter usually comes early in European countries.
Observers argue that Moscow has the right to use its power cards, including the energy card, in the face of Western sanctions and pressures, while others believe that the intrusion of energy and the practice of extortion in it is no less dangerous than playing with the strategic food commodity card such as wheat, and what all of this constitutes harming the energy and food security of the world.
Recession looms
And economic advisor specializing in the energy sector, Amer Al-Shobaki, said in an interview with “Sky News Arabia”: “European gas prices jumped by 12%, reaching more than 186 euros per megawatt hour, and therefore these are very high prices that are pressing the inflation rates up. This confirms the correctness of expectations that Europe is inevitably entering a phase of economic stagnation in the near future.”
Not only that, Al-Shobaki adds: “These rises also pressured oil prices against the backdrop of the expectation that oil would be an alternative to scarce gas in Europe. Thus, the exchange of accusations between the Russians and the European Union about who is right and who is wrong seems futile and does not contribute to overcoming the crisis. It is easy to provide justifications for cutting off Russian gas for technical reasons, if Moscow wants to do so.
He continued: “On the other hand, it is difficult for the Europeans to verify that this is true, and it is also easy for Europe to launch accusations that Moscow is deliberately reducing gas supplies to it, which is difficult to categorically accept.”
Thus, the crisis is intensifying, with dire consequences, especially since winter is approaching, as the expert in the oil and energy sector explains.
Al-Shobaki added: “The European gas reserves are now sought by the European Union to be filled by 80 percent until next November, and Berlin, for its part, is seeking to reach 95 percent of its reserves, in anticipation of the possibility of Russia’s decision to cut gas completely before or during the winter, but European stocks are currently less. From 66 percent, and this pushes the direction of its depletion, and therefore these stocks will drop by mid-winter to less than 20 percent, which is a very worrying and dangerous percentage.”
Al-Shobaki said that the possibility of the Russians cutting gas from Europe “is very realistic and possible, which means raising the maximum European emergency level.”
Serious repercussions
He explained that this is represented in “transferring large quantities of gas for urgent social uses in homes and hospitals at the expense of some industries, as factories will stop working due to the lack of gas, and there are European plans to develop housing and large public halls to heat some residents who lack gas in their homes and do not They can get it next winter (…)”.
Al-Shobaki added: “This catastrophic scene predicts the occurrence of unrest, social unrest and great popular protests within European countries, as a result of high prices and the lack of energy sources, which will fuel the Russian-European economic conflict, as Moscow is employing the gas and energy card in general now in anticipation of any new European sanctions, Rather, to push the European Union to undo even some of the sanctions currently in place.”
European Union Energy Commissioner Kadri Simpson considered the announcement by Russia’s gas giant Gazprom that it would cut more deliveries to Europe this week as a politically motivated move.
“We know there is no technical reason to do this, this is a politically motivated move and we have to be prepared for that,” Simpson said upon her arrival in Brussels for a meeting of EU energy ministers.
The Presidency of the European Union considered the reduction of gas supplies “new evidence” that it should not rely on Moscow, while the German government called on citizens to reduce gas use after “Gazprom” announced a reduction in its supplies.
German Vice-Chancellor and Minister of Economic Affairs and Climate Protection Robert Habeck considered that Russia was playing a “cunning game” by announcing a reduction in gas supplies through the “Nord Stream 1” pipeline.