Showing posts with label Nord Stream Gas Pipeline. Show all posts
Showing posts with label Nord Stream Gas Pipeline. Show all posts

Tuesday, April 5

Germany Roadblock for Russian Sanctions

WARSAW, April 4 (Reuters) - Germany is the main roadblock to imposing tougher sanctions on Russia, Poland's Prime Minister Mateusz Morawiecki said on Monday during a news conference, adding that Hungary was not blocking them.

His comment comes after Prime Minister Viktor Orban won a national election on Sunday after facing criticism over an insufficiently tough stance on Russian aggression in Ukraine.

"We have to see that, regardless of how we approach Hungary, this is the fourth such win and we have to respect democratic elections ... it's Germany that is the main roadblock on sanctions. Hungary is for the sanctions," Morawiecki said.

FRANKFURT/BRUSSELS, March 8 (Reuters) - Russia has warned it may shut off its main Nord Stream gas pipeline to Germany after Berlin halted approval of a second line across the Baltic Sea in response to Russia's invasion of Ukraine. read more

The comment, from Russian deputy prime minister Alexander Novak, reflects escalating tensions that have already sent European gas prices to record levels.

Russia is Germany's top supplier, delivering Europe's largest economy with just under a third of its gas.

Here are key details about Germany's gas sector.

GAS IMPORTS

Germany imported 142 billion cubic metres (bcm) of gas in 2021, down 6.4% from 2020, according to foreign trade statistics office BAFA, which does not identify the origin of imports.

Domestic gas usage was 100 bcm in 2021, utility industry group BDEW said.

Russian piped gas led imports in December at 32% of supply followed by Norway at 20% and Netherlands at 12%, data from Independent Commodity Intelligence Services (ICIS) showed.  READ MORE...