Brexit isn’t to blame! As Britain outwits Putin with Norway, Germany confronts a worsening gas crisis.
BREXIT According to an analyst, Britain would not fare as badly as Germany in the approaching energy crisis as a result of a purported gas rationing by Vladimir Putin.
As gas prices climb to record highs, the EU now confronts gas shortages and may face gas shutdowns and rationing, with German media blaming Brexit. However, it comes after Gazprom, Russia’s state-owned gas business, reported a drop in resources streaming into Europe as a result of a conflict over the new Nord Stream 2 pipeline’s implementation with EU rules.
Gas will be delivered from Russia to Germany across the Baltic Sea, bypassing Poland and Ukraine, thanks to an agreement reached by German Chancellor Angela Merkel and Russian President Vladimir Putin.
However, Mike Foster, the CEO of the Energy and Utilities Alliance, told This website that, while the UK does import some Russian pipeline gas through the Netherlands, it may be able to mitigate the crisis’ impact due to its varied range of gas suppliers.
“Norway is a strong partner,” he remarked.
“As a business partner, Norway poses no risk.
“We get a lot of our gas from Norway, and if we didn’t, we’d be in a lot more trouble because we’d have to rely on the Middle East and Russia.
“Germany must adopt a new approach to its relations with Russia because they will be more reliant than we are.”
Norway, which is not a member of the EU, is the UK’s primary source of crude oil and natural gas.
Norway will import 11.7 million metric tonnes of crude oil and 1.4 million metric tonnes of natural gas in 2020.
According to sources, Russia supplied less than 1% of UK supplies this year, as it had in prior years.
Meanwhile, according to a 2019 study, Russia supplied 41% of the EU’s natural gas imports, while Norway supplied only 16%.
Berlin’s dependency on Russian gas is estimated to be “about 40%” according to the latest estimations, and that ratio is expected to climb with Nord Stream 2.
However, while Germany may be more severely affected by gas shortages, the United Kingdom has also had challenges as a result of rising gas costs.
After over 1.5 million consumers were affected in only two days, the government declared that it is “prepared for the worst.” “Brinkwire News in Condensed Form.”