According to economists, the current energy war has affected the entire EU. After the Russian oil imports are prohibited, the leaders of the G7 Group announced on June 28 that they will discuss how to limit the price of oil and Russia’s natural gas. The United Kingdom stated that it will reform its power market to curb the impact of natural gas on domestic prices. The French power company has called on consumers to “immediately” reduce energy consumption to reduce Russia’s income and try to avoid the energy crisis of all over Europe.
Just one month ago, the United States increased the export of LNG (LNG) in Europe. Its share in the total number of natural gas imports in Europe increased from 6%in September last year to 15%in May this year. At the same time, Russia, Russia The share has dropped from 40%to 24%. However, on June 8th, a fire stopped the Furibot natural gas liquefied facilities in Texas, and lost 2.5%of natural gas supply in Europe. A week later, the Russian energy giant Gazprom announced that it would reduce the supply of the Beixi pipeline to Europe to only 40%of its transportation capacity, which eliminated 7.5%of Europe’s supply.
According to the consulting company Rystad Energy, the EU’s natural gas storage facilities will reach two -thirds of the reserves by the end of October, lower than that of about four -fifths of the EU Group. Some people even worry that Beixi Company, which will conduct regular maintenance in July, will not be able to connect again after the maintenance work is completed. In this case, European storage levels will only be 60%when entering winter.
This situation makes people doubt the heating ability of mainland Europe this winter. In the past year, natural gas power generation has become a source of power supply in Western Europe, and its cost is pushing the electricity price of the entire area. At present, France’s nuclear reactor needs to be maintained and is running less than half of the production capacity, all of which have affected Europe’s energy supply. In France, the spot energy price in May was 197 euros per MWh, far higher than 15 euros a year ago. France used to be the largest energy exporter in the region, but now it has purchased electricity from its neighbors. It is also reported that one of the primary measures in the UK is to cut off the natural gas supply to the European continent.
EU countries are trying to find a substitute for natural gas: Germany’s plan to retire from one -fifth of the coal -fired power plants in Germany this year; Coal factories; and some of the seven European nuclear power plants that are closed at the end of the winter will continue to run for a period of time.
Post time: Jul-06-2022