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Putin loses Europe’s gas blackmail – Germany’s Vice Chancellor

A German official said that before “half of our eggs were in Putin’s basket. And he broke them,” but now Europe has switched to other gas suppliers.

Russian President Vladimir Putin has lost his gas blackmail in Europe. This was at a press conference on Thursday, January 5, said the Vice-Chancellor, Minister of the German Economy Robert Habek, wrote The Guardian.

The German official expressed cautious optimism about his state’s energy supply,

Habek noted that Germany is heavily dependent on gas supplies from Russia via the Nord Stream 1 gas pipeline, and has not built the infrastructure for alternative supply channels.

“The German problem, or even the Central European problem, is that half of our eggs are in Putin’s basket. And he broke them,” Khabek said.

However, the German minister said, Berlin has now replaced the cut off supplies of Russian gas, oil and coal through other channels, such as the rapid construction of liquefied natural gas (LNG) terminals and increasing imports from Norway.

Habek emphasized that the energy situation in Germany remains “very tense and difficult.” However, he is optimistic about the near future.

“Now I can say that the storage facilities in Germany are filled, somewhere at 90%, we will survive this winter, and prices are falling,” said the Vice Chancellor.

As the relatively mild winter continues in Central Europe, he said, there is a “reasonable chance” that gas storage facilities will not be completely empty by the end of the cold season.

Germany also continues to stick to its plan to phase out nuclear power. Khabek again rejected the talk about the possibility of changing his state’s position on this issue.

Recall that on Thursday, the price of gas in Europe fell below $700 against the backdrop of a warm winter, at the level of 2021.

European gas storage facilities are 83% full – EC

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Source: korrespondent

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