photo: ap / dpaThe American newspaper "Washington Post" quotes Edward Chow, an expert on energy security, who says: "I don't know how this will end, but everything points to the forecast that it could end very badly for both Western Europe and Russia."
An emergency meeting of the energy ministers of the European Union countries has been announced for today. At that meeting, an answer will be sought to Russia's request to the countries that imposed sanctions on it to pay for gas and oil in Russian rubles, or Moscow will stop supplying them with energy products. The supply of gas to Bulgaria and Poland from Russia has already been cut off, as these two countries have rejected the request, but there is a growing fear that other EU countries could face the same scenario. The entire EU is supplied with 40 percent of gas and 26 percent of oil from Russia.
At the same time, the American "Washington Post" published an extensive analysis in which it states that European countries do not have enough alternatives that allow them to replace Russian gas deliveries. "In almost any scenario, the next 18 months will be a painful period for Europe as rising energy prices grip the world and governments struggle to secure supplies for their industry, heating and power plants." "There are not enough alternative options in the near future to avoid major economic disruption in the coming winter, in case Russia cuts off supplies," the article states.
The American newspaper notes that a "dangerous game" is underway and quotes Edward Chow, an expert on energy security, who says: "I don't know how this will end, but everything points to the forecast that it could end very badly for Western Europe as well." and for Russia". Chow thinks the current volume of global gas supplies is unlikely to change drastically anytime soon, and that no one will be able to produce more liquefied natural gas quickly, "no matter what fantasies are projected from world governments."
Of the countries of the European Union, Germany, the strongest European economy, which imports almost half of the gas it needs from Russia, could be the hardest hit, according to the Washington Post. The German Minister of Economy, Robert Habeck, earlier, responding to increasingly loud demands, both within Germany and from politicians throughout the EU and the USA, that Germany stop importing Russian energy, that without gas from Russia, his country would fall into a deep recession.
MT/Washington Post/Reuters/Tanjug
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