EU countries agree deal to cut use of gas this winter

[Captain Corporate]

It will definitely be a long road there, but it could get there. One of the greatest benefits of this situation is that it speeded the clean energy process of the world. Since oil was the most important weapon Russia had, that means that EU and US would have to stop using oil like its free and they have to start using the clean energy world for it, and wheat situation is also another reason why vertical farming is getting more famous as well. So basically, the earth itself needed the humanity to do the right thing and because Russia attacked Ukraine, humanity finally found how it could do that when they were failing to do it for the past 20 years when every expert said they should.

[Yamifoud]

It will definitely be a long road there, but it could get there. One of the greatest benefits of this situation is that it speeded the clean energy process of the world. Since oil was the most important weapon Russia had, that means that EU and US would have to stop using oil like its free and they have to start using the clean energy world for it, and wheat situation is also another reason why vertical farming is getting more famous as well. So basically, the earth itself needed the humanity to do the right thing and because Russia attacked Ukraine, humanity finally found how it could do that when they were failing to do it for the past 20 years when every expert said they should.

I can't really imagine how these poor countries strive to survive from the limited supply of Oil. I feel it in my place; the price surge has been visible in all areas and affects all the supplies in the market. I think this was the time that every country will find its own oil resources (if possible) in order to have other options in the case of the supply becoming too limited. As this war continues, we still suffer the blast of its impact on the market and price increase. Plus the corruption and market manipulations.

[Sithara007]

Despite the massive withdrawals from the Strategic Petroleum Reserve, crude oil prices are still hovering at around $95 per barrel. This is almost 2.5x the rate we had two years back, during the pandemic years. Dutch TTF natural gas is trading at $2,200 per thousand cubic meters (20x the rate from 2020). It is actually depressing. Most of the third world nations are under extreme strain because of the skyrocketing fuel prices. Here in India, the government is absorbing most of the price increase, so the common people are yet to feel the full impact.

At this point, gasoline costs around $1.25 per liter. Previously taxes used to be 60% of the total price, but now it has been reduced to around 35%. Government revenues are down, but they don't have any other choice.

[Argoo]

If you are saying then it might be possible as i don't know the reason behind it so lets see, its looking too hard as Gas plays a massive role in the development more over the time in power generation sometimes in transport and also textile industry relies on the gas. EU countries has many other options as well in their development ways but complete cut down is looking about tooo hard for now.

First of all, it must be taken into account that the reduction of gas consumption this winter in European countries by 15 percent is one of the measures taken to get rid of energy dependence on Russia. At the same time, European countries are quite successfully reorienting themselves to other oil and gas suppliers, and are also continuing to implement the previously developed program of gradual transition to alternative energy sources at an accelerated pace. Despite the fact that many problems have appeared in Europe because of this, as well as the fact that now they will suffer certain losses, in the future Russia will lose big.

[DrBeer]

Gas storage occupancy in Europe at the beginning of August 2022:
Germany - 70%,
Spain - 78%,
Czech Republic - 79%,
France - 81%,
Sweden - 91%,
Poland - 99%,
Britain - 100%.

That's all there is to know about Putin's screeching propaganda that Europe will freeze without Russian gas

[be.open]

Gas storage occupancy in Europe at the beginning of August 2022:
Germany - 70%,
Spain - 78%,
Czech Republic - 79%,
France - 81%,
Sweden - 91%,
Poland - 99%,
Britain - 100%.

That's all there is to know about Putin's screeching propaganda that Europe will freeze without Russian gas

The numbers look good except for Germany. Germany's demand for gas is huge, and its gas storage facilities are just a buffer to smooth out the fluctuations in gas consumption in winter and summer. Even if Germany fills its storage facilities by 100% by November (which will be extremely difficult to do with 20% pressure in the Nord Stream), this will be enough for her for a month and a half of a moderately cold winter.

[Ozero]

Gas storage occupancy in Europe at the beginning of August 2022:
Germany - 70%,
Spain - 78%,
Czech Republic - 79%,
France - 81%,
Sweden - 91%,
Poland - 99%,
Britain - 100%.

That's all there is to know about Putin's screeching propaganda that Europe will freeze without Russian gas

The numbers look good except for Germany. Germany's demand for gas is huge, and its gas storage facilities are just a buffer to smooth out the fluctuations in gas consumption in winter and summer. Even if Germany fills its storage facilities by 100% by November (which will be extremely difficult to do with 20% pressure in the Nord Stream), this will be enough for her for a month and a half of a moderately cold winter.

The Russian gas company Gazprom has recently reduced gas supplies via the Nord Stream 1 gas pipeline from 40% to 20% of its capacity. Russia is openly putting pressure on EU countries to force them to buy oil and gas on their own terms.

But how bad is gas in Germany?
The German economy is extremely stable and will withstand the reduction in Russian gas supplies, Christian Scheuing, Chief Executive Officer of Germany's largest bank Deutsche Bank AG, said in an interview with the Frankfurter Allgemeine Zeitung newspaper.

Even if a complete halt to imports triggers a recession, the German economy will be able to cope with the consequences "no matter how bad they are," he said.

Now gas storage facilities in Germany are 69% full. This was stated by the head of the Federal Network Agency Klaus Müller on Tuesday, writes Evropeyskaya Pravda with reference to Spiegel.
At present, 0.4 percentage points are added to the volume of gas in storage every day.
Under the new regulation, gas storage facilities in Germany must be at least 75% full by September 1st. They should be 85% full on October 1st and 95% on November 1st. According to Müller, three-quarters of all gas storage facilities in Germany are already more than 80% full, and in some cases even more than 85%.
Therefore, Germany will not remain without gas.

[SirLancelot]

If you are Europe, then you realize that if you stop using gas, that will hurt your own people more than it will hurt Russia, but it WILL hurt Russia and that is what they want, you can't just waltz in another nation and say "hey there are Russians here, we will take this land" and get away with it, if that is the case then we will have conflicts all over the world because there are nations and races overlapping each other all around the world, hell half of south USA would become Mexican tomorrow if that was a good reason.

Hence, while it’s bad to hurt innocent people of your opponent, hurting your own people to send a message could be seen as leadership.

What we need to realize is that if you give an inch, they will take a mile. Russia is doing something horrible right now, if Europe doesn't cut ties with Russia all together then we are going to see Russia attacking another nation next.

Look at what happened with Finland and other nations, they were basically given a good amount of chance to join Nato thanks to this Ukraine war, they made a point of doing it during the war itself, because that was "let's see you attack us as well if you have the balls" and Russia didn't had any, they were already in a war and couldn't afford to be in another one. They found Ukraine small enough to attack, and even there they are getting their ass beaten, if Europe doesn't go on and start using gas, then it will hurt the war efforts.

[bitgov]

What we need to realize is that if you give an inch, they will take a mile. Russia is doing something horrible right now, if Europe doesn't cut ties with Russia all together then we are going to see Russia attacking another nation next.

Look at what happened with Finland and other nations, they were basically given a good amount of chance to join Nato thanks to this Ukraine war, they made a point of doing it during the war itself, because that was "let's see you attack us as well if you have the balls" and Russia didn't had any, they were already in a war and couldn't afford to be in another one. They found Ukraine small enough to attack, and even there they are getting their ass beaten, if Europe doesn't go on and start using gas, then it will hurt the war efforts.

It will be very difficult - the countries in EU are cold countries and they cannot reduce their oil reduction during winter. So they should get their supply handy rather than suffering

[tygeade]

The numbers look good except for Germany. Germany's demand for gas is huge, and its gas storage facilities are just a buffer to smooth out the fluctuations in gas consumption in winter and summer. Even if Germany fills its storage facilities by 100% by November (which will be extremely difficult to do with 20% pressure in the Nord Stream), this will be enough for her for a month and a half of a moderately cold winter.

But that also means that they could have a good deal made from other places in order to cover the differences for the next few months. If not, they will have a terrible winter where they are very cold, and they limit the usage, make sure that everyone gets "enough" and not a lot, and people will definitely be cold a bit there is no denying that, but until the winter after that, there are like 1.5 years left and that is how they could arrange something much better by that time.

Russia trying to strong-arm all the competition will not be helpful for them, maybe they managed to bring money in from all the sanctioned Russians, but that will not be a good long term solution.

[be.open]

Gas storage occupancy in Europe at the beginning of August 2022:
Germany - 70%,
Spain - 78%,
Czech Republic - 79%,
France - 81%,
Sweden - 91%,
Poland - 99%,
Britain - 100%.

That's all there is to know about Putin's screeching propaganda that Europe will freeze without Russian gas

The numbers look good except for Germany. Germany's demand for gas is huge, and its gas storage facilities are just a buffer to smooth out the fluctuations in gas consumption in winter and summer. Even if Germany fills its storage facilities by 100% by November (which will be extremely difficult to do with 20% pressure in the Nord Stream), this will be enough for her for a month and a half of a moderately cold winter.

The Russian gas company Gazprom has recently reduced gas supplies via the Nord Stream 1 gas pipeline from 40% to 20% of its capacity. Russia is openly putting pressure on EU countries to force them to buy oil and gas on their own terms.

But how bad is gas in Germany?
The German economy is extremely stable and will withstand the reduction in Russian gas supplies, Christian Scheuing, Chief Executive Officer of Germany's largest bank Deutsche Bank AG, said in an interview with the Frankfurter Allgemeine Zeitung newspaper.

Even if a complete halt to imports triggers a recession, the German economy will be able to cope with the consequences "no matter how bad they are," he said.

Now gas storage facilities in Germany are 69% full. This was stated by the head of the Federal Network Agency Klaus Müller on Tuesday, writes Evropeyskaya Pravda with reference to Spiegel.
At present, 0.4 percentage points are added to the volume of gas in storage every day.
Under the new regulation, gas storage facilities in Germany must be at least 75% full by September 1st. They should be 85% full on October 1st and 95% on November 1st. According to Müller, three-quarters of all gas storage facilities in Germany are already more than 80% full, and in some cases even more than 85%.
Therefore, Germany will not remain without gas.

Of course Germany will solve this issue one way or another. But whether after that Germany will remain the locomotive and donor of the European Union - that is the question. And the answer is rather negative. For years, Germany enjoyed an abundance of cheap resources from Russia, and now it's over. It is no longer possible to resell excess gas to neighboring countries, earning more on the virtual reverse than Gazprom on gas supplies to Europe. There will be no more German industrial giants whose profits fed the poor countries of the European Union (such as the Baltics, Poland or Greece). Germany will survive, but the EU is fucked up.

[Naficopa]

The numbers look good except for Germany. Germany's demand for gas is huge, and its gas storage facilities are just a buffer to smooth out the fluctuations in gas consumption in winter and summer. Even if Germany fills its storage facilities by 100% by November (which will be extremely difficult to do with 20% pressure in the Nord Stream), this will be enough for her for a month and a half of a moderately cold winter.

But that also means that they could have a good deal made from other places in order to cover the differences for the next few months. If not, they will have a terrible winter where they are very cold, and they limit the usage, make sure that everyone gets "enough" and not a lot, and people will definitely be cold a bit there is no denying that, but until the winter after that, there are like 1.5 years left and that is how they could arrange something much better by that time.

Russia trying to strong-arm all the competition will not be helpful for them, maybe they managed to bring money in from all the sanctioned Russians, but that will not be a good long term solution.

Winter is not easy in EU - how are they going to. survive? in our country temperature fall only one to 4 degree below zero and we have gas supply cut down during winter - you can not imagine the pain of cold and no gas. It is horrible.
I wish EU finds some solution and finds it real quick

[yinnini]

I don't think it's voluntary, if there is a reduction in gas, what will the businesses do, what will their economy do if there is insufficient supply, won't this lead to a recession, the standard of living will be greatly reduced.

[Sithara007]

Germany imports around 90 billion cubic meters of natural gas every year. Two years ago, in 2020 it cost them somewhere in the vicinity of $10 billion. If the current prices are going to stay at these levels, then their annual bill just for the gas imports will amount to $180 billion. I am not saying that Germans will be left without gas. But their trade deficit and budget deficit is going to go up like crazy, and even if they drastically reduce the imports the burden on the German tax payer is going to be huge.

[DrBeer]

Gas storage occupancy in Europe at the beginning of August 2022:
Germany - 70%,
Spain - 78%,
Czech Republic - 79%,
France - 81%,
Sweden - 91%,
Poland - 99%,
Britain - 100%.

That's all there is to know about Putin's screeching propaganda that Europe will freeze without Russian gas

The numbers look good except for Germany. Germany's demand for gas is huge, and its gas storage facilities are just a buffer to smooth out the fluctuations in gas consumption in winter and summer. Even if Germany fills its storage facilities by 100% by November (which will be extremely difficult to do with 20% pressure in the Nord Stream), this will be enough for her for a month and a half of a moderately cold winter.

The Russian gas company Gazprom has recently reduced gas supplies via the Nord Stream 1 gas pipeline from 40% to 20% of its capacity. Russia is openly putting pressure on EU countries to force them to buy oil and gas on their own terms.

But how bad is gas in Germany?
The German economy is extremely stable and will withstand the reduction in Russian gas supplies, Christian Scheuing, Chief Executive Officer of Germany's largest bank Deutsche Bank AG, said in an interview with the Frankfurter Allgemeine Zeitung newspaper.

Even if a complete halt to imports triggers a recession, the German economy will be able to cope with the consequences "no matter how bad they are," he said.

Now gas storage facilities in Germany are 69% full. This was stated by the head of the Federal Network Agency Klaus Müller on Tuesday, writes Evropeyskaya Pravda with reference to Spiegel.
At present, 0.4 percentage points are added to the volume of gas in storage every day.
Under the new regulation, gas storage facilities in Germany must be at least 75% full by September 1st. They should be 85% full on October 1st and 95% on November 1st. According to Müller, three-quarters of all gas storage facilities in Germany are already more than 80% full, and in some cases even more than 85%.
Therefore, Germany will not remain without gas.

Well, what can I tell you? The example of Germany shows and proves that having a connection with terrorists and criminals not only makes you an accomplice of a criminal (to a greater or lesser extent), but is also guaranteed to make you a victim of your criminal friend! Instead of understanding back in 2008/2014 that Russia is a world terrorist country and taking measures to reduce dependence on the resource that the terrorist trades, the German political elite continued to play the role of the Kremlin's "girl for money." Now, yes, they will have to live for about 2-3 years with a reduced social program, higher taxes and rising unemployment. But it happens - if you drink water from a puddle and eat shit - it's stupid to expect a normal state of health - sooner or later you will have problems, and such a fool will have to wallow in the hospital, receive painful injections, lose weight, and get a bad appearance. BUT ! But such an object will receive an unforgettable experience that will teach him for life not to do idiotic things. But nothing - Germany will survive this crisis and recover, and I hope this "vaccination" will have an effect forever.

[savetheFORUM]

The numbers look good except for Germany. Germany's demand for gas is huge, and its gas storage facilities are just a buffer to smooth out the fluctuations in gas consumption in winter and summer. Even if Germany fills its storage facilities by 100% by November (which will be extremely difficult to do with 20% pressure in the Nord Stream), this will be enough for her for a month and a half of a moderately cold winter.

But that also means that they could have a good deal made from other places in order to cover the differences for the next few months. If not, they will have a terrible winter where they are very cold, and they limit the usage, make sure that everyone gets "enough" and not a lot, and people will definitely be cold a bit there is no denying that, but until the winter after that, there are like 1.5 years left and that is how they could arrange something much better by that time.

Russia trying to strong-arm all the competition will not be helpful for them, maybe they managed to bring money in from all the sanctioned Russians, but that will not be a good long term solution.

They can't make it work this year, building a pipeline there to carry the gas will not be quick, it may not even be good enough for next year but it may get there, it’s a coin toss if it will be enough time for 2023 December for example. However, in the long term it’s still a good decision because in 2024 you will have it, and in 2025 you will be used to it.

Maybe slightly more money, but Russia will go bankrupt by that time and learn their lessons and will not attack anywhere anymore since the finances will be in terrible condition when they fail to sell anything to anyone. They are doing fine now thanks to gas and oil prices going up, but what if they fail to sell it to anyone in the future?

[Sithara007]

They can't make it work this year, building a pipeline there to carry the gas will not be quick, it may not even be good enough for next year but it may get there, it’s a coin toss if it will be enough time for 2023 December for example. However, in the long term it’s still a good decision because in 2024 you will have it, and in 2025 you will be used to it.

Maybe slightly more money, but Russia will go bankrupt by that time and learn their lessons and will not attack anywhere anymore since the finances will be in terrible condition when they fail to sell anything to anyone. They are doing fine now thanks to gas and oil prices going up, but what if they fail to sell it to anyone in the future?

Keep dreaming about Russia going bankrupt. That will never happen. The deal between Russia and Saudi Arabia, signed back in 2016 is the game changer. It meant that oil prices will never fall below a certain level. And in Russia, the production cost is around $20 per barrel for Urals crude and they will profit from their crude oil if the market prices remain above that. For natural gas, apart from the pipelines to Europe, they have separate pipelines to China and Turkey. And an additional pipeline is being constructed towards China. And new LNG projects in the Arctic are nearing completion.

[be.open]

Maybe slightly more money, but Russia will go bankrupt by that time and learn their lessons and will not attack anywhere anymore since the finances will be in terrible condition when they fail to sell anything to anyone. They are doing fine now thanks to gas and oil prices going up, but what if they fail to sell it to anyone in the future?

The attempt by the United States, Great Britain, Australia, Japan and the European Union to isolate Russia with sanctions, disconnect it from the world trade and financial system and turn it into a pariah country has failed mediocrely. Russia has been preparing for this for a long time and has successfully passed the test of sovereignty and stability. The idea that Russia will immediately go bankrupt if the dollar is banned is naive and absurd, only an idiot could believe it. Russia is the largest, richest and most influential country in the world, just look at the geographic globe of the Earth and it will become self-evident.

[eaLiTy]

~
Here in India, the government is absorbing most of the price increase, so the common people are yet to feel the full impact.

At this point, gasoline costs around $1.25 per liter. Previously taxes used to be 60% of the total price, but now it has been reduced to around 35%. Government revenues are down, but they don't have any other choice.

The way things are in India is that the government says that the price are not controlled by them and that is the narrative they said when crude oil prices were trading well below $40 and no one got the benefit as the common people were still paying higher prices due to exorbitant taxation imposed upon them and now you think that government is absorbing the price and the common people are yet to feel the full impact, what a joke.

Wait for the Gujrat elections to get over and it will be back to normal with price rising on a daily basis .

@OP EU countries agreeing to cut the use of gas this winter, which means industries will be hit hard and household will be as well which will be really bad.

[coupable]

What we need to realize is that if you give an inch, they will take a mile. Russia is doing something horrible right now, if Europe doesn't cut ties with Russia all together then we are going to see Russia attacking another nation next.

Look at what happened with Finland and other nations, they were basically given a good amount of chance to join Nato thanks to this Ukraine war, they made a point of doing it during the war itself, because that was "let's see you attack us as well if you have the balls" and Russia didn't had any, they were already in a war and couldn't afford to be in another one. They found Ukraine small enough to attack, and even there they are getting their ass beaten, if Europe doesn't go on and start using gas, then it will hurt the war efforts.

It will be very difficult - the countries in EU are cold countries and they cannot reduce their oil reduction during winter. So they should get their supply handy rather than suffering

I think that Russia is the worst sufferer in the medium and long term, as it does not have another gas supplier capable of meeting its needs, and at the same time, it does not have the necessary infrastructure to acquire liquefied gas, whose cost is very high compared to natural gas. On the other hand, he ruled out Russia's permanently cutting off gas from Europe because it is almost the last pressure card it has .