By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    School rivalry should promote academics, sports, not violence – DCOP Owusu Bempah
    September 3, 2026
    Unlicensed teachers risk up to three years in jail under Education Act – Nana Kwasi Gyetuah
    September 3, 2026
    Education Ministry to release over 50,000 professional teachers to private schools – GNACOPS
    September 3, 2026
    Police
    Mount Sinai-Okuapemman SHSs clash: Police arrest 10, probe others
    September 3, 2026
    Ghana’s education system no longer inspires learners – GNACOPS Director
    September 3, 2026
  • Business
    BusinessShow More
    AMPF-MiM 2026, Mining Indaba partner to advance Africa’s mineral policy and investment agenda
    September 3, 2026
    GoldBod Jewellery invites corporate institutions to join Corporate Gold Access Programme
    September 3, 2026
    APD is advocacy platform for Africa’s economic integration, prosperity – Otchere-Darko
    September 3, 2026
    Registration for African Prosperity Dialogue 2027 opens September 7 – Gabby Okyere-Darko
    September 3, 2026
    Ghana’s Banking Sector Remains Strong and Well-Capitalised, with Capital Adequacy of 20.4%, Well Above the 13% Statutory Minimum” — World Bank
    September 2, 2026
  • Politics
    PoliticsShow More
    Retract your partisan comments praising NDC performance or resign – NPP to Chief Justice
    September 3, 2026
    No room for indiscipline and non-performance – Mahama warns appointees
    September 3, 2026
    Kemi Musah demands accountability over government’s 2024 galamsey promises
    September 2, 2026
    Constitutional freedoms have limits, law must take its course – Roger Wills
    September 2, 2026
    President Mahama dissolves boards of BOST, VALCO, CBG, GNPC, NSA and five others
    September 2, 2026
  • Entertainment
    EntertainmentShow More
    Starr FM set to premiere ‘Morning Rounds with Dr Sompa’ on September 5
    September 3, 2026
    Kojo Antwi, Meiway to unite African music fans in London for historic concert
    August 31, 2026
    Dissolve Creative Arts Ministry; it offers no support to industry players – Shatta Wale
    August 31, 2026
    God told me in 2012 He was shifting my ministry – Ohemaa Mercy
    August 31, 2026
    Not every gospel artiste is a minister – Ohemaa Mercy
    August 30, 2026
  • Sports
    SportsShow More
    Ghana unveils female mini football national team, targets rise to Africa’s summit
    September 3, 2026
    Open Letter to Kofi Adams: Give Ghana Two Hybrid Pitches and Establish a Lasting Legacy 
    September 2, 2026
    World Cup Fundraising Committee must clarify Shatta Wale’s GH¢5m claim – Wonder Mandel
    August 31, 2026
    Sports Ministry not responsible for GH¢5m Shatta Wale debt – Minister’s aide
    August 30, 2026
    EduSpots launches its Digital Champions Programme
    August 28, 2026
  • Technology
    TechnologyShow More
    Samsung Galaxy S26 FE Delivering Latest Flagship AI, Camera Experiences
    August 27, 2026
    YEA CEO urges youth to avoid recording private sexual activities amid rise in leaked videos
    August 20, 2026
    Here’s Why Samsung Galaxy Z Fold8 Is Perfect Device for Your Favourite Content – Pre-Order Today!
    August 18, 2026
    Nearly 1,000 scam numbers linked to fake Google profiles targeting Ghana food chains – TrustGH
    August 17, 2026
    NYA CEO urges youth to use social media for positive change, not violence
    August 12, 2026
  • International
    InternationalShow More
    Edibeck Consult’s cultural Exchange Delegation engages Ghana Embassy in Belgium
    September 3, 2026
    Chef Abbys to showcase Ghanaian cuisine at London’s Black On The Square Festival
    September 2, 2026
    EIB’s Joshua Kodjo Mensah appointed Official Host of Global Entrepreneurship Festival
    September 1, 2026
    Ghana Scholarships Authority denies University of Memphis scholarship deal termination, says US$500,000 debt payment made
    August 31, 2026
    Ethiopia to host 2nd African Political Parties Summit on Africa’s economic transformation
    August 26, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Germany fears Russia gas cut may become permanent
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
Editors PickInternational

Germany fears Russia gas cut may become permanent

Isaac Dzidzoamenu By Isaac Dzidzoamenu Published July 11, 2022
Share
SHARE

Russian natural gas supplies to Germany via the Baltic Sea pipeline Nord Stream 1 have been halted for 10 days for annual maintenance work.

But German Economy Minister Robert Habeck warned that EU countries had to be prepared in case gas shipments did not resume.

He has accused the Kremlin of using gas “as a weapon” in response to EU sanctions over the war in Ukraine.

Mr. Habeck admitted Germany had become too dependent on Russian gas.

He described that as “a grave political mistake as we can see today, which we are trying to remedy as quickly as we possibly can”.

He said two floating terminals for deliveries of liquefied natural gas (LNG) would be ready by the end of the year.

In mid-June Russia’s state gas firm Gazprom cut gas flows through Nord Stream 1 to just 40% of the pipeline’s capacity. It blamed a delay in the return of equipment being serviced by Germany’s Siemens Energy.

The Canadian government says it will now return a repaired Siemens turbine to Germany for the pipeline. That move angered the Ukrainian government, which accused Canada of adjusting the sanctions imposed on Moscow “to the whims of Russia”.

Canada says it is granting Siemens Canada a “time-limited and revocable permit” to send repaired turbines back to Germany, despite the sanctions.

Germany’s government is worried that gas supplies could be reduced or cut permanently.

Pipeline maintenance is normal every summer, when gas demand is lower than in winter, but the worry is that Russia may not turn the taps back on.

The pipeline shutdown is also affecting Italy, where energy group Eni said it would receive about a third less gas from Russia’s Gazprom on Monday compared with average volumes supplied over the past few days.

The head of the International Energy Agency, Fatih Birol, has warned that Russia may cut off gas supplies to Europe entirely and that Europe needs to prepare now.

Russia has already cut gas supplies to Poland, Bulgaria, the Netherlands, Denmark and Finland over their refusal to comply with a new payment scheme.

Austria and the Czech Republic get some gas from Nord Stream 1, but Russian gas also flows to them via a Ukraine pipeline.

Visiting Prague, Mr Habeck signed an agreement with the Czech Republic pledging mutual help in the event of a sharp drop in Russian gas supplies.

Since Russia’s invasion of Ukraine in February, Germany has reduced its dependence on Russian gas from 55% to 35% and wants to stop using gas from Russia altogether.

Last year the other main suppliers of natural gas to Germany were Norway (31%) and the Netherlands (13%). Germany is now getting more gas from them, since reducing imports from Russia.

The government has also given the go-ahead for Germany’s first LNG terminal to be built, at Wilhelmshaven.

Another undersea Baltic pipeline from Russia, Nord Stream 2, has been built, but plans to pump gas through it are now on hold because of the war.

If Russian supplies were suddenly cut overnight, this could tip Germany into a major recession, because entire industries rely on gas and most German homes use it for heating.

A leading energy market analyst, Henning Gloystein of Eurasia Group, warned that “if Nord Stream 1 doesn’t come back on at all, let’s say by early August, we think that the German government will have to raise its gas alert level to the third level, which is the maximum level”.

“That would be suspending the wholesale gas market and the government and regulator stepping in as the distributor of natural gas. So that will effectively mean rationing next winter. What happens in Germany, sadly, will spread over to the rest of Europe if it gets bad, because of the geographical location in the middle of the EU,” he told the BBC.

Germany’s gas storage facilities are currently about 64% full, German broadcaster ZDF reports.

Industry experts quoted by German media say the chemicals sector would be hardest hit by a gas shortage. It accounts for 15% of Germany’s gas consumption, and disruption could lead to shortages of goods such as fertiliser, pharmaceuticals, detergent and cosmetics.

German households and key services such as hospitals will be prioritised for gas supplies under a government emergency plan.

Source: BBC

You Might Also Like

The Language That Locks Doors: Why 55,000 Ghanaian Children Failing English Should Frighten Us All

Edibeck Consult’s cultural Exchange Delegation engages Ghana Embassy in Belgium

Chef Abbys to showcase Ghanaian cuisine at London’s Black On The Square Festival

EIB’s Joshua Kodjo Mensah appointed Official Host of Global Entrepreneurship Festival

Ghana Scholarships Authority denies University of Memphis scholarship deal termination, says US$500,000 debt payment made

TAGGED:germanynatural gas suppliesRussian
Share This Article
Facebook Twitter Email Print
Share
Previous Article Africa can handle harsher economic challenges with technology – Bawumia
Next Article Soweto shooting: A community under siege from crime

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?