German gas prices could triple as Russia reduces supply, expert says | |
Anonymous Coward User ID: 83752024 Austria 06/26/2022 11:18 AM Report Abusive Post Report Copyright Violation | German consumers could face a tripling of gas prices in the coming months after Russia’s throttling of deliveries to Europe, a senior energy official has said. Quoting: Doomsday22 Moscow reduced the flow of gas through the Nord Stream 1 pipeline by 40% last week, citing technical reasons that Berlin dismisses as a pretext, prompting a four- to sixfold rise in market prices, said the head of Germany’s federal network agency, Klaus Müller. Such “enormous leaps in price” were unlikely to be passed down entirely to consumers, Müller said, but German citizens had to brace themselves for dramatically rising costs. “A doubling or tripling is possible,” he told the public broadcaster ARD. He said the rising costs now showing up on people’s energy bills were the result of higher prices on the gas market last autumn. The German economic ministry announced the second of three energy emergency plan phases on Thursday, warning of a high risk of long-term supply shortages as a result of Russia systematically choking off gas deliveries. The so-called “alarm phase” enables utility firms to pass on high gas prices to customers and thereby help to lower demand. Robert Habeck, the minister for economic affairs, said there was some concern that there would be a complete stop to Russian gas deliveries after 13 July, when the Nord Stream 1 has to be closed down for 10 days for an annual inspection. [link to www.USE_FULL_LINKamp.theguardian.com (secure)] German consumers still support the sanctions, weapons deliveries for Zelensky and all the warmongering against Russia. |
DrGu
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Anonymous Coward User ID: 77106686 Netherlands 06/26/2022 12:04 PM Report Abusive Post Report Copyright Violation | Fuck off. Europe has been leeching from us for 100 years. Americans first. We are tired of our government making us the last on the list. The American hegemon and the American empire has lived almost one hundred years at the expense of the rest of humanity. It is time that the extortion, the looting and the murdering stop and the Americans finally start to work for their prosperity. |
Anonymous Coward User ID: 50034595 United States 06/26/2022 01:18 PM Report Abusive Post Report Copyright Violation | And now we will send even more over there and our prices will go up even more. BADA BING! America Last Xiden to the rescue! President Joe Biden announced an agreement on Friday committing the U.S. liquefied natural gas industry to supply an additional 15 billion cubic tons (bct) of LNG to Europe through the remainder of 2022. The agreement additionally envisions U.S. LNG increasing that supply to Europe to 50 bct through 2030. While committing the US to help Germany and other European nations wean themselves off of Russian natural gas seems to be a noble goal, there is just one problem: [link to www.forbes.com (secure)] |