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Politics : Rat's Nest - Chronicles of Collapse
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From: Eric9/30/2023 12:00:18 PM
   of 24206
 
How will Europe weather a second winter without gas from Russia?


A ship carrying Russian LNG unloads in Bilbao, Spain, last year. Photograph: Vincent West/Reuters

The Observer

Energy industry

EU states have worked hard to secure supplies and storage – while the UK seems just to be hoping it stays mild

Jillian Ambrose, Ashley Kirk and Sam Jones

Sat 30 Sep 2023 16.00 BST

Europe will enter its second winter since turning off the taps to Russia’s gas pipelines with record-breaking reserves. By the end of summer, gas storage facilities were 90% full, two months ahead of schedule. But observers warn that the energy crisis is not over yet: Europe may have dramatically cut its reliance on Russian gas, but it has never been more exposed to price shocks in the global market.

For more than a decade, Russian gas pipelines were Europe’s biggest single source of imported gas. In the wake of the Ukraine invasion, these imports plunged by two-thirds from their peak in 2019. In their place Norway’s pipelines became Europe’s largest single source of gas.

The US has also benefited from Europe’s energy upheaval. Imports of liquefied natural gas (LNG) from the US stood at nearly 64bn cubic metres last year, up from zero in 2015. LNG is gas that has been cooled to -160C, a process that turns it into a liquid that can be transported by ship.....

theguardian.com
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