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- เผยแพร่เมื่อ 28 เม.ย. 2022
- When Russia threatened to turn off the gas taps if Europe didn’t start paying for its energy in rubles, the continent held its breath. What would a stop to Russian gas mean for the chemicals industry - and all the other industries that depend on it?
A handful of European companies are gearing up to comply with Moscow's demands that they pay for Russian gas in rubles. Guntram Wolff, president of Bruegel Institute think tank says EU leaders must ensure that companies adhere to the bloc's stance and reject the mechanism for ruble payments.
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#Gas #Russia #Energy
Let me get this straight. You want to RAISE prices for already expensive natural gas from Russia, even though the reason why you are dependent on Russia is because of their cheap gas compared to other exporters. Makes a TON of sense!
But it is the fun and games with russian gas that has made gas this expensive... One could argue that most of the increase in cost of gas has already been factored in.
@@luc_libv_verhaegen It’s not the reason gas is high in America. Fuel prices started soaring way before the war started. Has little to do with it.
@@alaska3300 In most of the world, gas is "natural gas" or methane. In germany, 1/3rd of the mostly imported methane is used for electricity production. By deliberately leaving 25% of methane reserves empty, the russian gouverment created a situation where methane prices would rise over the winter, which in turn made electricity prices rise, and which in turn made it harder to germany to turn off the tap until all stores are replenished.
I don't get the argument of this comment, that is the whole idea of sanctions. By making the good more expensive you disincentives it thus meaning less people will use it. Yes it wil harm consumers but it will also harm Russian producers which is the goal.
@@user-zy8cy6hn6o As oil prices go up Putin will make more money. People are not going to run out and buy 40K cars and expensive solar panels because fuel prices are high. They will wait for Biden his cronies to get voted out. Then celebrate!
Um.... How could Germany, Italy, and the rest of Europe not have seen this coming????
Germany is a malfunctioning state as a result of WW2. They are still stuck flaggelating themselves over Hilter, so they are unable to think clearly and form intelligent policies about real world issues. The perfect example is pretending to be a "progressive" country pushing "peace and good neighborlyness and going green" etc while shutting down their nuclear plants and addicting themselves to energy produced by a crime gang run by an ex KGB goon. Of course the fact that the former Chacellor who guided this process for, what 30 years now or something? was herself an ex East-German and so figured it was a good policy to suck up to this nutjob had something to do with it as well. Hopefully Germany finally pulls it's head out and starts behaving intelligently.
Lobbying by BASF.
@@Missfm104Where are you from?
Not everyone has American vision
@@nandhakumar3199 Of course not. We have all been raised in a different cultural background. But we should have some basic human rights values, that are the same. The UN represents those rights and values. So no war against our sisters and brothers.
Restart all the nuclear reactors. Divert the gas from the power sector to the chemical sector. Make sure the chemical sector buys non Russian gas.
If the gas is cut off, they can’t divert the gas.
nuclear reactors cannot be restarted over night also Germany's reactors were very old , so instead of upgrading them they shut them down..you'll first need to upgrade them , test them and only then can they be used for commercial use this will take years..
No need. BASF is already building a new 5 billion Euro plant in China. You can shut down what they have in Germany along with the gas.
Yeah and africa is getting independent, soon even uranium is going to be expensive for Europeans and they'll stop stealing
Germany had 8 years to sort this out.
And they wont change in the next 8 years
Germany didn't have to join this mess in the first place. If it really wanted to condemn a war and shot itself on the foot sanctioning an economic partner from a moral standing point then it should've imposed sanctions on Murrica. As it destroyed several countries far worse than Russia in the last decade, and even now is occupying Syria, Somalia, Iraq and who knows where... Well actually is not about morality or anything else is just that they don't have any other choice other than follow the Master. If they don't want some freedom, or coup.
Why would we?
Whom do we owe that? We are responsible for people in the EU and Nato. No one else
If this war not stop then Ukraine exist in 2030?
Germany is BRILLIANT ,ships its manufacturing and pharmaceuticals to China, and becomes energy dependent on russia.
😂😂😂😂😂😂 dont go by what they are saying just look at their actions it becomes clear
Close nuclear power plants and depand on gas, green german logic
Well, now they will energy dependent on the various Arab Tyrannies + US fracking gas. And whatever industry they still have, will take very quick steps getting out of dodge too. No sympathy here.
Germany is a dependent fool
And gets rid of military
The whole report basically gives excuses for Germany at the moment
Which are valid if you actually lived there. Do you want people to starve over sanctions that should be hurting Russia not EU .
@@Mrdinomist starve? xd you must be kidding me rn
@@genoforcycezki2411 Not starve but have to pay everything 20 to 30 percent more. Plus some companies having to temporarily close down.
@@Mrdinomist are these losses comparable to the ukraininas being raped, executed and deported everyday by the russians? In other words, is this how much you value human's life?
@@Mrdinomist Then why Germany lecturing others?
We also forgot about fertilizers which will not be without gas
@@corregosecokangume8529 definitely. but don't be rude
@@corregosecokangume8529 Everything is fine
Germany needs to get their nuclear plants turned back on, asap, and install solar as quick as possible to transition to an all-electric economy.
@@soulsphere9242 Which is why Germany should start right now
solar is bs. It wont work.
The sun doesn’t always shine over Germany. Rain clouds are very common.
So who funds the western economy. Pls can someone answer my questions bcos when all Africans and Asian turns off the tap with the Arabs then we shall listen to a new songs being sang by the western world
France is smarter than Germany.
when you taxed, who will pay that tax? Russia will add that amount to the consumer. It means German people will pay that tax.
Extra tax on one company only work when there are competitors.
Best way are:
1). get big oil generators to produce electricity. ( oil can be purchased from other countries)
2). divert some to LPG or CNG
3) convert heating system to electricty ( it will help for long run too, when Gremany have electricty from natural source)
A smart comment compared to the German commentator. Russian gas to Germany isn't optional which tariffs are good to punish the other side with, but it's very necessary for German industries at least for the next 1-2 year till their plans to get rid of it start yielding substantial results.
The import tax is payed by the companies who import products and services from Russia. Here Russia is the exporter of gas . If you increase the import duty ( tax) , the eu company have to pay those tax , which will lead to more burden to these companies. This will force them to increase the price in order to cover the tax . So how this is going to reduce Russian profit . It only work if you have alternative sources but Germany don't have any alternative market . 🤔
@@jimbroottygaming8824 It will also decrease demand, and that will lead to lower profits for Russia. But lets not forget that in the long run, Russia will lose no matter what, because no country will start buying russian gas, when that switch to other sources is done.
All that raw ressources Russia has, will become nearly worthless within a few years.
🤣🤣🤣
Tariffs might also yield money for investment in other things (think of renewables+storage), and a better relative price for these things. If the money from tariffs is used well.
But fair enough, you have a point. What the precise effect will be is unclear.
At least it reduces the incentives to use Russian gas (which could be considered a relative increase of incentives to use alternatives), which yields a slow long term effect.
Germany walked right into that trap, even after they were warned. Hopefully they are taking a close look at what role Gerhard Schroeder played in all of it.
It wasn't a trap, it was intentional. The politicians knew what they were doing, but they didn't care as long as they got their cut.
Schroeder is a clever man. Without him German economics would collapsed very quickly, what everyone can observe now. Open Nord Stream 2 or the economy will collapse and the bill on everything will be very high! Germans, count your money.
Calling Schroeder clever is pretty generous. Seems like he played a major role in putting Germany in the spot it is in now, primarily for his own personal gain. Need to shine a light on his activities.
FYI. I spent 7 years in Germany with the US Army in the 80s and 90s.
CDU/CSU and SPD politicians are in the pocket of BASF.
It is BASF that has helped build up the syberian gas fields. It is BASF that has its own dedicated pipeline. It is BASF that sold its gas storage facilities to Gazprom, those exact 25% of german storage that were deliberately left empty last winter.
Seeing this situation, I remembered a few days ago that the Minister of India said that
"India buys as much oil in a whole month. The same amount of oil/gas European countries buy by noon."
Cos india is poor and Europe isn’t ?
@@ihmpall Europe's economy is not even close to Indian economy 😂
Pobres europeos, Biden los mete al hoyo y ellos agachan la cabeza.
@@ihmpall Europe is a snake
It can take decades to replace infrastructure. Why are people surprised this is taking a long time? Go outside and build a 2-thousand mile pipeline or design and build a dozen liquid natural gas plant. What?? You think that might take time?? Oh. yeah. duh.
Maybe I am missing something but the tarriffs would not hit the exporters but the importers who would then pass this extra cost onto their customers. Furthermore, as once the taxed oil and gas was in the EU, that would put the price of the end product up at a similar rate to the Russian importy duty irrespective of where the gas came from. For example, I cannot see there being a different price for fertiliser made from Russian gas as for gas from another source, indeed, once it is processed, I would have thought that all the gas got mixed up together so that its origin was no longer detectable.
Either way the consumer is gonna suffer.
all production will lose its competitive advantage as it becomes EXTREMELY EXPENSIVE!!
China and Saudi Arabia are very pleased 😜😜
@@svenNL why would Russia absorb that cost? They have all the cards in their hand in short term. They can just turn off gas as soon as anybody tries to play smart.
Wer kommt aus Deutschland? Könnten Sie mir bitte sagen, was der durchschnittliche Scheck ist, um Licht- und Heizgas zu bezahlen
Eine mittlere Wohnung in der Stadt?
@@YN-ot9jk To become competitive again. Companies will lower their price - so that the price + tariff = the price from another source.
.
Second part - No, they won't. Russia needs that income far too much. If 40% of your GDP is from a single source (of revenue) it makes it so you can't afford to just stop selling it (especially to some of your larger customers).
Does anyone question how it is ethical to buy natural gas from some where else that is using coal bed fracturing. But it is not ethical to do it yourself??? Germany could extract natural gas themselves if they hadn't banned the process. How is it environmentally more 'friendly' if Russia does it? I thought we lived on the same planet. lol
It's the same left-wing eco-fascist hysteria. If we don't pollute our own air with coal, etc - and don't see it - then it doesn't exist anywhere else. I mean SpaceX and NASA are giant polluters of carbon, but some fantasy about going to Mars somehow supercedes the climate agenda. Absurd.
@@Cybervue Couldn't agree more.
Everyone is supposed to be phasing out gas, not extracting more. It’s like some people live in another reality.
@@Rnankn I agree, I just think as weird as it sounds, people don't understand that global warming is global. Nothing is gained by Germany if they are paying Russia to do something they wouldn't do. The net affect is the same, you are just enriching someone else.
Russische Energieressourcen werden uns weniger kosten
These countries will flip on another to get cheaper gas and oil
The presenter does a really poor job of explaining how tariffs would decrease Putin's profits. The increased cost of the gas to users after the tariffs would decrease the volume of sales. So the profits go down. The problem is that without good alternative sources, this would hurt German industry to almost the same degree as the tariffs.
Freedom cost, Germany wanted protection from NATO, but didn't pay their share, Germany wants to have freedom and prosperity, but unwilling to make any sacrifice to their industry
@@kirkpatrick7475 This is BAU for Germany. I have never seen them support anything but their bottom line. Pretty heartless country and people.
Freezing to death like under Stalingrad in 1942🤔. And all production will lose its competitive advantage as it becomes EXTREMELY EXPENSIVE!!
China and Saudi Arabia are very pleased 😜😜
Tariffs are a bad idea. It will simply increase cost of gas for German users. Unless Germany switches to nuclear power, there is really no solution to this.
NEWS FLASH : Germany has NO plans to change anything about its use of fossil fuels and where it gets it from. It's all a sham and a lie, PR BS.
Was it sensible for Germany to abolish its nuclear power stations, purely for political reasons?
No. But they would not solve the gas dependency problem.
@@youareliedtobythemedia Yes they would
@@rsKayiira no they would not. Gas is used in the chemical industry in Germany as a raw material, not as electricity. Only 10% of the gas in Germany is used to generate electricity.
@@youareliedtobythemedia yes but 34% is used for cooking and heating in homes! You could replace that with nuclear power
In the meantime,new energy saving initiatives announced for consumers:
1) Bath/shower with a friend.
2) Wash yourself the cat way.
What happened to the coal and nuclear plants Germany had. I thought they use to be energy self sufficient? Why would any country want to rely on another for their most basic energy needs?
we talk about natural gas for homeheating and industry, not electricity.
@@user-go7mh8yp3x Yet now 15% of electricity is now natural gas, and Germany has retrofitted most buildings away from coal heal to natural gas heat
Because it's cheaper
how to produce fertilizers and other chemical products with nuclear plants?
@@12tanuha21 Germany could extract natural gas themselves if they hadn't banned the process. How is it environmentally more 'friendly' if Russia does it? I thought we lived on the same planet. lol
sanction increase price which helping Russian to earn Extra 167M/day 😂😂😂
Stop gas import kills the demand - basic econ 101.
Germany is rising import Gas from Russia by 30% since 24/2 and have to sell at discount price to Polan in order to "support EU members" 🤣
Russia doesn't like this deal Germany made with Poland. Understandably so. Poland wants to say they they will not pay rubles for Russian gas, but then buys the same Russian gas using European countries, who are paying in rubles, as middlemen. Russia said Germany gets what they get and no more. They will not increase the amount they send to them, so if Germany wants to sell Russian gas to Poland, they'll be short.
@@sarahbrown5073 If Russia isn't increasing the amount they send and Poland is buying directly, then Russia is now selling less gas and making less money. Thus, Poland isn't giving more money to Russia.
@@sarahbrown5073 But germany isn´t paying in rubles...
@@Omega0850 Germany companies are paying in rubles that's why gas flowing in to Germany.
According to report.
10 EU companies open account in gazprom bank.
4 already did payment in ruble. Lol 👌👌👌
@@andromeda2766 Ah, i stand corrected, some do pay in rubles. Always assume that a pro-russian voice is lying, until you´ve checked and are proven otherwise!
It would explain why the ruble didn´t crash yet... although i guess its just a matter of time.
How are companies in the EU allowed to pay in rubles if the EU says no? Shouldn’t the companies trying this be fined?
You fined these companies,
They cut staff count by 1/3, u get unemployment and they claim unemployment benefit for 2 years, ending up costly for german govt
great ide, lets march to protest it. ukraine need our help
Those dependent on russia must pay the prize for being irresponsible orelse Ukraina pay in both money and also ib blood of the innocent
Companies can pay in euros 💶 for gaz but to send the money to Russian bank Gazprombank that will converse the euros into rubles. That was made by Putin to prevent money from freezing by the USA. It is not so difficult to do to have cheap Russian gaz.
The EU hasn't made it's final decision on this. If the EU says this is a violation, they may impose fines. However, depending on the fines, it will probably still be cheaper for many companies to pay the fines, call it the cost of doing business, and pass the costs on to consumers.
Well they *DID* have nuclear energy
Yes, dumbest idea ever to have let go of this energy production.
This is such a dumb argument. There is still no place to store the nuclear waste, why even try doing it.
Next: people constantly talk about nuclear energy without talking about what type of nuclear energy. Fissure is dumb to do and fusion is sadly not ready even though Germany is putting a lot of effort into making it viable.
We are just before a nuclear war and people like you keep asking for even more nuclear fissure stuff. Let me guess, you are not in Europe and wouldn’t be affected if Europe turns into wasteland and has to migrate with 350 million people to America
@@sockhal4595 When the Green party is telling you to retain your nuclear plants, you know you've messed up. (Despite nuclear being incredibly green, most political Green parties are pretty uneducated about that)
I hope europe goes back to nuclear energy and Chernobyl happens in europe but at a bigger scale. We'll only have peace in this world if christianity and europe die.
Freezing to death like under Stalingrad in 1942🤔. And all production will lose its competitive advantage as it becomes EXTREMELY EXPENSIVE!!
I think there will be a lot of people walk to Berlin and make Berlin to a Bonefire
Well, they forgot about it! Now again , NATO is approaching the Russian borders ! I'll have to remind you!
I heard that energy need isn't even Germany biggest concern
It's their chemical industry that heavily relies on gas that's really needs substitute
That's energy.
Why do you think industry needs gas?
....because industry needs energy to operate....
@@sarahbrown5073 hydrocarbon is the feedstock for many products we use
From fertilizers to pharmaceutical to asphalt to plastics they all come from petroleum
@@sarahbrown5073 It’s used to make nitrogen compounds, especially ammonia which is necessary for fertilizer and explosives. This would cripple many European industries outside Germany. Remeber that Germany heavily exports these things throughout the EU
@@jensboettiger5286 could be a good opportunity to invest in green chemistry, something we all will need to do eventually
German products will lose their competitive advantage as they will become EXTREMELY EXPENSIVE!!
China and Saudi Arabia are very pleased 😜😜
Take cold showers. Eat cold food. Stop driving cars and manufacturing weapons. In other words, it's time to really GO GREEN.
EU buys from Russia because it is cheaper.
You can make any alternative plan but it won't come close to Russia's cheap oil.
This is like asking one village to stop buying at Walmart... And expecting Walmart to go bankrupt because one village is not coming to their shop
@Jon Little Yeah.. ? like the whole world suddenly dont need oil n gas?
German products will lose their competitive advantage as they will become EXTREMELY EXPENSIVE!!
China and Saudi Arabia are very pleased 😜😜
Good analogy stop buying at Walmart and go shop at Whole Foods and you will feel better and have lighter pockets :)
could have tired this half a decade ago
somebody did tell you this would happen
yall laughed it off
great job germany
🤡
While south asia facing heat wave whereas Europe face cold wave
EURO sinking as Yuan rises
Big industry like BASF always says that things are "impossible" until government steps in and forces them to think again. This "Impossible" means simply that they don't want to bear the cost of necessary changes as they have shareholders to satisfy.
German products will lose their competitive advantage as they will become EXTREMELY EXPENSIVE!!
US, China and Saudi Arabia are very pleased 😜😜
And your degree in Chemical Engineering comes from where? Because you can't make chemical products with renewal technologies.
BASF takes me back to the VHS era, they made very good VHS tapes.
so the true evil is europe who is fuelling this war😂😂😂
The USA 🇺🇸
@@OlgaS7777 yup us + eu
The world warned Germany but they didn't care.
2040 😂😂.. Good luck.. 😂
Germany doesn't need gas just hot air from USA !
US is buying oil from Russia then sells to EU for a profit😂😂😂
So it is , the US buys oil from Russia and LNG , too , which then goes to Europe !! The US also lifted sanctions on telecommunications equipment when European Nokia and Ericsson introduced them, thereby losing the market!)
Can you give me the source for the annual natural gas consumption of BASF? ... was looking for that. :)
Oh man! Independency? How about the cost? East Germany had good independancy i guess
Meanwhile WEF bragging about how many coal plants they have closed in Europe. Global Grift
I don't understand why increasing the tariffs could reduce Russia's profits. The tariff is paid by the importers, in this case, the German or European companies not by the exporters in this case Russia's companies...it couldn't just backfire for Europe's economy
It's an open market. Taxing one source of supply makes it less competitive compared to the others and reduces demand for that source of supply since it is more expensive. The production and supply costs of gas from Russia is so low; it's mainly profit, so the idea is that taxing it would either keep the market price more or less the same and reduce their profit, or reduce demand for their gas. No idea if it would work in practice though, but it might be a good way to start to wean Europe off Russian gas.
@@simon7790 you just spoke the economics. Reality is a bit different. You need avail other options too for blocking Russian oil. Other nations arnt willing to increase oil imports. How can they replace Russian supply when they arnt even available. Govt is just making citizens fool for making profit.
@@simon7790 and as a result, to make more profit the Russians would want to sell at a lower price to be able to sell. The profits will go down, either by lower demand or lower profit margins due to discounts.
German products will lose their competitive advantage as they will become EXTREMELY EXPENSIVE!!
US, China and Saudi Arabia are very pleased 😜😜
@@simon7790 Wean)))) BUT I have in Russia in the winter in an apartment of 25 degrees Celsius) Already have to open the windows)))) Well, if it gets cold, you can turn on the gas stove to warm up! Having refused our gas, it will certainly be even cheaper in Russia than it is now)
enforcing sanctions hasnt been a challenge for other countries...
only germany and italy, since they made some very questionable decisions that resulted in them being DEPENDANT on russian gas
Germany, Italy, Poland, Checz, Slovakia, Hungary, Bulgaria depend on russian gas from 40% to 100% of their energy... Don't know about others, but these are about half of EU.
And its not just if it can be replaced or not, its a matter of cost. Much of european prosperity has been based on cheap energy.
you have to pay much higher proces seems that there are some troubles in Amur gas plant and it spread to Europe too
Freezing to death like under Stalingrad in 1942🤔
This documentary overlooks the role which BASF played in building out the russian gas production, the construction of the pipelines, and the lobbying that it did to get CDU/CSU and SPD to follow suit. They are directly responsible for the war in ukraine.
As a belgian living in germany for 15ys, i say: Shut down BASF first!
Shut yourself.. BASF is one of the biggest chemical companies in the world.. They generates huge amount of revenue and created more employment opportunities for deutsch people every year leading to pandemic.. reliance on Russian fossil fuel will gradually get reduced.. Remind it if Europe directly imposes imbargo on Russian fossil before arranging a new supplier/new source.. European economy will be in a gradual regression for a few years
well it may be that basf is one big reason we are in this energy dependency, but if we are dependent on basf for fertilizer (idk if we are) it's not really smart to shut them down - especially since a lot of sunflower and wheat imports originated from russia and ukraine
@@canonip3000 I have seen no reason for why a Haber Bosch plant cannot be shut down and restarted later on. The media here in germany is reporting mostly about glass producers who use methane as their primary heat source: if the continuous flow of glas freezes, then part of the installation is scrap. The german media never went "but we can easily shut down BASF, who btw, played a big role in the recent price hike and the war, and who made 7.8B in profits in 2021"
So shut down BASF ludwigshafen until this war is over or until other sources of energy are in place. BASF should be at the very end of the queue, as BASF is to blame.
@@canonip3000 Also, the current common form of soil management is mostly spraying things to death (even to get "properly" rid of previous crops), then dumping copious amounts of chemical fertilizer, then planting. This ruins the soil, and forces farmers to buy more chemicals each year to keep up production. We could all do with some tweaks to the system which might be put in place when methane based ammonia becomes either more expensive, or plainly forbidden.
BASF Ludwigshafen, on its own, uses 2.2% of methane in germany. While roughly 1/3rd is used domestically (heating and cooking), 1/3rd is used for electricity generation, BASF ludwigshafen alone uses 6.6% of the rest. And Haber Bosch based on steam reforming methane accounts for 1.2% of all CO2 production globally. This while methane could be totally avoided if the necessary investment in renewable infrastructure is made, but that would mean spending on infrastructure and less profits.
Oh dandy... lets see if Germany's chemical and industrial company's go belly up then... 1) Germany will no longer be able to afford it's costly welfare system, 2) Germany will spiral into a depression that makes the Great Depression look like a cake walk, and 3) the rest of the EU will follow (Belgium with it).
If you need heat for your house, then ya need to build a simple Dakota Fire hole to disperse smoke so you're location isn't given away.
Pellet stove....or burn peat.
Really Gas is a prerequisite in Europe just like Water,they cannot do without it .
At the end of the day, the German economy is not only bigger but more important in the long term than a quick embargo -- for Ukraine too, yes. We're talking here about the 4th biggest economy in the world. However, I am unsure if people know that Russia currently builds its biggest pipeline to China and that India announced that it would buy way more gas and oil from Russia. So, even though it is unpopular to argue the following, an embargo doesn't matter much for Russia in the mid to long term, and, again, the stability of the EU economy is more important -- for as long as the EU becomes independent eventually, say, after 9-12 months.
Economic of German without russian cheep resource soon will be small as Ukraine economic.
Gdp is myth. 1 kwt electric in Russia cost 5 cents. Food, wood and everything is cheap. That is why in Russia small gdp, but people live in warm houses ( not mortgage) with nature food
Yeah, open nord stream 2 and make hub from Germany to distribute Russian gas across Europe. Business as usual
2030 : DDDDDDD what a joke
Opportunity to go Organic !!! No industrial fertiliser required.
“We’re tried to become hostages” with the same breath “more sanctions”
Russia is planing or already started to put piypes to Asia. And they will sell significant amounts to asian countries.
It will not affect Russia at all.
Supply & demand. Demand for Russian gas decreased, price will decrease.
China has gas also, I recall.
It is hurt depend on the enemy stuff.
Don't take shower.
Don't eat.
Don't turn on heater.
Is this the future of Germany?
first step should be stop lecturing other nations when you yourself are a hypocrite
2:50 idk about LNG but that technician is 11/10
India and China will help Russia out.
11.2 billion a month just from the EU.
There should be an export levy placed on all Russian exports of gas and oil of 99%...
If European countries stopped using Russian energy, this would cause more deaths than the war. Pipeline gas can not simply be replaced in a short amount of time....not in countries that are so heavily reliant. Even if it could be replaced, it would be immensely more expensive.
@@sarahbrown5073 Finaly someone gets it.
Russia will still make the same amount. EU consumers will pay double the price and the difference will go to the taxing authority.
EU countries think before the apply sanction on russia
😂😂😂😂😂😂😂😂😂😂😂
@@sarahbrown5073 So how many deaths are you predicting this war will number?
So, closing nuclear power plants wasn't a good idea after all.
No, but they would not solve the gas dependency problem. Gas is used in the chemical industry as a raw matrial, not for electricity
it seems that some Asian countries import cheap gas/oil from Russia and sell to Europe, it means Russia will continue to sell gas and oli to Europe indirectly, just Europe will buy more expensive gas/oil
Can't Germany Reopen their nuclear reactors and Coal Plants temporary and anything that's possible to be powered by electricity be used instead of Gas?
So those who in need of Gas could be used by the other industry.
great idea chump,... but it need 3 years to be established
Coal is getting scaled up, but nuclear is difficult. It's an option that is being considered, but they would need to buy new fuel rods from Rosatom, which isn't ideal. Also, the old power plants (even the one still running that will get shut down by the end of the year) haven't received any security checks & updates in a while, which isn't ideal either in a world where Russian hackers exist.
@@faultier1158 Maybe unplug the internet cable then. Just a thought.....
@@geoffhaylock6848 Cool, go tell that to the security experts. I'm sure they haven't heard of that idea before.
Tax on import from Russia. Russia increases the price to cover the tax. As a result, oil & gas prices will rise. Price of goods increase, more inflation.
Europe can't just stop importing energy from Russia. They have to find an alternative first. The thing is, nobody can provide the energy at a reasonable price that Europe imports from Russia.
Lng is expensive
As much as 6x
Bad politic to depend on russia for gas. Criminally stupitidity
Germany is extending this terrible war by sending Billions of $ to Russia. Germany’s terrible policy got itself into a dependent position. So what if Germany pays a higher price for energy? It is a wealthy country. Compare German discomfort to the suffering in Ukraine. Germany is destroying its reputation.
There's plenty of gas all over the world. According to Capterio: "Globally, 150 billion cubic metres of gas - worth $21 billion - is flared every year. The environmental impact amounts to over 1 billion tons of CO2 equivalent emissions."
@Gregory Jones I would start with North Africa. You can see the gas flares in Egypt, Libya and Algeria from space. There are already pipelines under the Mediterranean that can be expanded. Putting in a couple more is much cheaper than those from northern Siberia because the distance is small, but it needs Europe to finance them (instead of Russia which paid for the existing ones from Siberia). As Capterio says: " Globally, 150 billion cubic metres of gas - worth $21 billion - is flared every year. The environmental impact amounts to over 1 billion tons of CO2equivalent emissions."
Germany shut down 3 nuclear power plants last year and plan on shutting down 3 more this year. That needs to be stopped and the 3 shut down plants need to be brought back online.
Do you know where the EU gets parts for their nuclear plants? Russia.
France must quickly exploit oil and gas ressources on its oversea territories that France has always refused to exploit . End of discussion, French are tired of energy Inflation
Colonial hangover ! Explode atom bomb in overseas territories, now drill their land so that we could live of the riches on someone else's backyard.
Or... it could start exploiting it's own massive deposits of shale oil and gas.
@@davidkelly577 shale gas is scaring (
@@dominationsrebellion6433 Europe has a choice... start exploiting it's own resources and make itself as energy/resource independent as is possible or enter into a great depression. Europe doesn't have the naval resources to protect it's trade routes and the U.S. is tired of protecting Europe's shipping lanes at its own expense. Time for Europe to grow up.
Sanctioning gas and oil only raises price. It means Russia making more money with lesser oil or gas
If only Germany had some way to generate energy without financing Russia or polluting the environment, some sort of base load that compliments their renewable energy mix. I'm splitting myself trying to atomize my words into what that would be...
Ahahaaa, "atomize my words"...
It's not just about generating electricity. The chemical industry needs gas for their production processes - and that's a pretty large sector in Germany. Also 75% of all houses have oil- or gas heating, not electric. But I agree that it would be smart to AT LEAST keep the existing nuclear reactors running.
Or... it could reverse course and start fracking shale. There are massive deposits in Poland, Germany , and France. Time for Germany to start living in the real world. It has months not 8 years.
@@davidkelly577 it doesn't take 8 years to turn back on already existing, still fueled, still connected to the grid reactors... so no.
@@Joe-ij6of Not all forms of energy are interchangeable. So... 1) Even if you were to bring back 100% of Germany's nuclear capacity it wouldn't meet Germany's need for natural gas. As roughly 1/3 of Germany's natural gas needs are required to make physical products that require natural gas as a feed stock and 2) Even bringing 100% of Germany's nuclear plant back on line won't meet the electrical energy short fall, and 3) Renewable electrical production assets in the volume needed can't be brought on line in the time required (even the EU's plan only increase renewable production by 4.7%). So, it's gas or watch Europe fall into another great depression. Time to start living in the real world.
Dumb idea. This is a trade war. If you raise tariff, putty will just increase gas price. You expect him to keep old pricing after being overtaxed? No.
I think misunderstood the way tariffs are supposed to work. They will be imposed on the customer in Europe, effectively making Russian gas more expensive and encouraging customers to seek cheaper alternatives elsewhere.
Also, the EU can use the money collected from tariffs to support, say, R&D for alternative energy sources etc.
Imposing tariffs will only decrease supplier profits if it cuts demand. If demand is not cut how does increasing the price for the user effect the supplier wholesale price….it doesn’t. Terrible argument or am I missing something?
Rising prices always either cut demand or push the customers to seek cheaper sources (not Russian).
Where is green 💚💚💚💚💚. Energy
Germany still have to sell Russian oil and gas to Poland and Bulgaria. So no Russian oil and gas so EU dependent on Mid east.
So tough Germany might need to turn down the temperatures in the Saunas
It’s much more than that…German industry is relying on Russian fuels for decades now…It’s almost impossible to shun it so suddenly…!
Germany has smart people.
Cut the gas and let smart people thrive and politicians shut their moth. 😉
Ukrainian and some Eastern-European presidents since 2004 were trying to warn Europe and particularly Germany to be aware of their dependence on Russian gas. But they were mostly laughed at. Germany still decided to build Nord Stream 2 even after Russia annexed Crimea and invader Ukraine in 2014. I am really shocked how shortsighted many western-European politicians has become in terms of Russian international policy. Markell still claims she was right to tie German economy to Russian gas so tightly.
Меркель мы вже втратили, в сенсі глузду, але тетя вже на пенсії на щастя
There's gas in western Europe, it's eastern & central Europe and the Baltics that have been tied to Russian supply. The Baltics were charged more than LNG cost, so they are eager to switch.
Those German politicians made a mistake that many do, assuming Putin would have similar motivations to their own. The USA looking to sell contraversial shale gas and the benefit of cheaper pipeline gas made them think Putin wouldn't rock the boat again as Germany was an irreplaceable customer. Self serving and flawed arguments.
There's worse screw ups, Bush & Blair's Iraq war without solid evidence or an occupation plan for example.
@@gerogemichaels7580 Then, How about Germany?
Europe should provide subsidies for electric heat pumps to replace gas and oil boilers.
It is time to switch to all electric vehicles and stop importing oil from Russia.
Wind and solar energy can be provided locally and does not need to be imported.
Then where will you get the electricity? Increase Russian gas imports through Nordstream 2? Germany is still closing it's nuclear power plants and it takes many years to build renewables. I don't think we have 15 years to wait for Germany to get its act together.
@@glenncordova4027
only 13% of electricity is made w gas.
How are ppl going to pay for electric cars?
Ppl are struggling to manage now.
@@michaelmr101 When most of the heating at home is created by consuming gas, when you convert that demand to electricity, the need for electricity surges. If electricity was competitive (price wise) to gas, people would have shifted to electricity heat pump long ago. That was not the case, so when demand for electricity surges, the entire nation will feel the pain. good luck.
I'd love a heat pump
Except I don't live in a single unit housing and I don't have an external wall touching the ground
Never mind me what about ppl living in tower blocks in cities
My question is, what did Germany use to use before ?
A lot of coal. And nuclear...before they were dumb enough enough to shut down the nuclear plants. Also a lot of natural gas used to come from the Netherlands and the North Sea.
Fracking.
US has been pushing for EU to buy their LNG for years now. Problem is that American LNG is way more expensive then Russian gas.
Since last summer, prices were artificially hiked up by speculations on the market and now all of a sudden US LNG seems like a viable alternative.
US got what they wanted, Russia will divert to selling to China and EU will be left with the cost.
@@basilmagnanimous7011 it would be very interesting to find out who finances green loonies, we might be very surprised.
Agreed, closing nuclear plants is lunacy, but do you know that Russia produces over 40% of world's uranium and it's the largest producer in the world?
Since this war started, I saw two russian cargo planes on flight radar app that flew into EU delivering uranium fuel rods. There were probably more.
If Russia stopped supplying uranium, lights would go out in US and EU. Perhaps not as quickly as in case of gas, but still...
Btw, remember "Uranium One" affair that surfaced in 2016? Things that make you go hmmmm 🤔
In any case, energy dependency on Russia isn't going to end anytime soon.
US LNG is way overpriced Freedom gas ⛽️
The EU will find a way, it's one of the world's top innovators. The added urgency will just speed things up. Europe will ditch Russia energy in any case.
@@mutkaluikkunen3926 in 20 years maybe 🤔
buy it from norway then!
2030 is a long way off and that's only what their words say and we all know how much we can count of that.
Gas is currently imported to Germany only via pipelines. Germany does not have its own regasification terminals for LNG
ukraine: help! please put pressure on russia they are bombing us nonstop!
germany: no problem! we will phase out russian oil and gas ASAP!
ukraine: great! when?
germany: in... around 8 years...
ukraine: ...
independence from Russia energy only to replace it with the overreliance in the US on everything. GREAT JOB GERMANY!
It's impossible for Germany to replace Russian pipeline gas with US LNG. Even paying the higher prices, they do not have the infrastructure.
@@sarahbrown5073 nothing is impossible when their master demand so.
@@sarahbrown5073 Not impossible, just expensive.
Its really concerning that Germans (and the media) still dont see what they are doing. They are quite literally putting their comforts above the lives of Ukranians.... shocking 😢😢
OF COURSE???? WHY WOULD YOU NOT....god dam thats what having balls looks like
comforts? almost 30-40% of that gas energy is for industry, no industry how germany will survive their economy? and the whole country will go bankrupt! do you really think Germany government and its people willing to do that? no gas no industry nothing to produce no salary no food then what?
@@bhumikhatulistiwa This is Ukrainian. They think everybody must something them
Ukraine and Gaz are 2 different things. Don’t mix warm and soft. Politics and business are different things.
Germana know what is more important 🤣 🤣 comfort ofc
Perhaps they could retake Ploesti?
You wonder about the high price your are paying to Russia but but alternative ways of getting gas helswhere, especially US LNG will be very much costly for Europe
That gas from the US is going to be pretty cheap if it results in the destruction of Russia's ability to invade other countries. How much is Europe going to have to spend on rearmament?
@@drmodestoesq absolutely no! The USA gaz and oil are expensive. USA petrol and gasoline are expensive. Russian gaz, petrol, gasoline and oil are 5 times cheaper than American. Serbia buys gaz for very cheap prices! Europe doesn’t want to pay. It’s up to Europe.
You can be a peaceful person and also honor another person's duty to defend themselves. In other words, stop sending $$$ to Putin Germany. Stay Strong Ukraine
Bot....
Its like the banking crisis in 2008, germany took profit from low euro and gave expensive loans to spain, greece, ... its time for germany to change there behavior
theres no such a thing as ''behaviour'' theres only TWO THINGS : the various german parties money aka funding source and/or JAIL ... depends of how MATURE their democracy is ...it could be one or another
Exactly, another good point. I've talked about this for years. Try telling the people here this and they just go apoplectic. Most Germans are constitutionally incapable of accepting fault or any self reflection. Every problem, every error is someone else's fault. Try living here, it's not just the country, the people are like this.
I'm not exaggerating either. German doesn't even have a phrase for, "I'm sorry." The closest it gets is, "It causes me sorrow." This is not the same! One shows self reflection and acceptance of fault...the other passes the blame off to some nebulous. "It."
@@TheRagingPlatypus False. Verzeihung, Entschuldigung... get some classes.
@@bambinonegrobayern4882 No, thatxs sorry as in excuse me, I bumped into you. It's not sorry, I am guilty and wronged you. And, Germans don't even say Entschuldigung. Th3y say, "Vorsicht!" Which is intrinsically get out of my way...
Dude...I've lived here for decades.
@@TheRagingPlatypus if you lived here for decades please translate me this two words first and then combine them. 1. Vor 2. Sicht. it cant possibly mean get out of my way as it 99.5% comes acompanied with Bitte. Look ahead please. I am guilty has its own word and i wronged you aswell. The fact that you dont expirience it like in english is your own understanding of the language and has nothing to do with the facts.
Can Germany deduct reparations for Ukraine from the payments? We in the US are footing the bill, yet again.
ENI has since denied having ruble denominated accounts.
Without Russian gas, all talks about weapons from many European countries will be done if gas is cut. Especially since there just aren’t those LNG terminals that dude spoke of.
Germany will be racing to gain LNG terminal capacity and the Netherlands has gas production, it was previously phasing it out due to subsidence issues.
Gas demand will be lower until winter.
@@RobBCactive The terminals are not even close to being done. Netherlands doesn't even have the possibilites to provide for rest of europe, not even half of germany, they need it themselves. Additionaly Netherlands land around that Gas spot is breaking apart, which is why they nearly stopped there.
There is only one solution, save as much as possible and reduce production as much as possible. Additionally for coming years, increase funding for Nuclear fusion (NOT FISSURE), we are nearly there for comercial use in germany on it, maybe we can do it by 2035-40.
In this case I got to sign with Russia on it cuz you can't expect to get free products and not pay for it Europe is trying to pay euros and Russia can't use Euros or American dollar currency you're basically asking for free resources so yeah in this case Russia got a point of wanting to be paid in rubles something they can actually use to pay other bills I can't go to my bank and say I pay my mortgage with Monopoly money they going to tell me no
Put the pressure on United States to open up the keystone Pipeline and oil coming from Canada that way we could supply Europe and the gas would be cheaper here too
And pay 5 times more for gaz! 😂 Germans, count your money, open Nord Stream 2 for very cheap Russian gaz, be rational .
Man Germany is in a tight spot. Why would they rely on autocratic dictator for so much of their energy. They should have had multiple sources of energy
Sorry dude. The other sources are here, but they will kill the planet. All for Ukraine. Just destroy the ecology, the environment etc buy from US the condenced ethical gas obtained from cracking. And pay on top, at least 50%.
They do have multiple sources of energy. The EU isn't popular with the oil producing nations due to European arrogance and sanctions. The US UK EU made their beds. They now have to sleep in them. US UK EU are the most hated nations on Earth due to brutal sanctions, and steely domination over smaller countries. Well, the "smaller" countries have grown up and are in the process of isolating the US UK EU bullies.
german people you are smart. speed up your decoupling from RU unless you like to be blackmailed. how can you trust someone that signs a contract but than changes the terms ?
Your guest is detached from reality. Russia wants payment in rubles because with sanctions it cannot use euros and there is no law that says it must accept payment in a worthless currency. As to breach of contract, Germany di that by failing to open Nordstream 2, and the EU did that by imposing sanctions and stealing Russian reserves so you are lucky they continue to supply gas. Any idea that the EU can reduce dependence on Russian gas and oil to any significant degree without inducing a recession is pie in the sky and there are no significant alternative supplies available within the next several years unless Biden reverses his ban on further fracking and new gas fields and LNG facilities are developed and by that time Russi and China will have completed the Siberia 2 pipeline and be ready to divert all the German gas supplies from the Yamal field to China just as they have alternative markets for their oil which EU countries cannot substitute as it is of the type needed by refineries built to use it to produce diesel and the only alternative supplies are from Venezuela, that cannot increase output any time soon and the Middle East that will not increase output because they are happy with the current price. As for a tariff, Russia will simply increase the price or reduce supplies which will have the same effect and so maintain their profits. Germany is also assuming that Russia will play ball and allow a sufficient flow of gas for you to fill up your reserves over the summer but they could stop the flow of gas through Ukraine on the basis of the risk to the gas lines caused by German arms supplies or some other reason. You really should have guests on your show capable of rational thought and not the magical thinking your politicians and those of the EU indulge in.
The guest is a paid tank not think tank
@North Korea Is Best Korea No you are misinformed. The system Russia set up allows the gas companies to pay Gazprom Bank in Euros which they then convert to rubles into a client account from which they poay Gazprom. This is not a breach of contract as the EU has already stated.
So you have no idea about the subject of which you speak?
firewood preparation.
and planting a bunch of tree afterwards. you'd be surprised how much firewood I get from a small garden/.
I remember when trump warned germany for this ....3 years ago ...they were laughing in his face ....
trump invites people to laugh in his face because of his general behavior, major gaffs and expecting to be treated like a dictator instead of being a president. The class bully in the schoolyard is ridiculed by everyone even when there is a good point put forth. It’s not like he was a genius on this. Read some about geopolitics. If he was better he would’ve been pushing for NATO to become stronger back then.
@@professorcrabs926 but he did ...he told europ to do more on defense ..if not you on your own ..we will not defend you if you dont do more ...and see what happends ..now europe realise that europe have to do more because of russia ...he was right after all ...so now germany suddelnly put 100 billion into defense just as the netherlands 15 billion for defense ..they shouldt have listen to ..what you say ..a dictator ...trump 3 years ago ...he predicted this wouldt happen ...but as always so called progressives are always 3 steps behind
@Gunter von Esling yes excellent reminder of the fool
If you think you are being held blackmailed,. What did your banks do to Russia? You must Pay for your energy! You haven't been!
It was usa ask all allies of nato to sanction russia...while putin never sanction them the gas and oil for the sake of the people...love your enemies.. thats how putin response to your sanction..
And there sits the sun, shinning. No solar panels to collect it, no batteries to store excedents. Wasted cheap energy.
Cheaping out on the short term ends up being expensive.
obey sanctions or expect severe punishment. germany should understand need for rules based world.
"2030" that is a long time, and, it is too long. The Germans are going to have to do better. They have been sheltered under the NATO and US umbrella for 75 years, now, it is time for them to step up and share the sacrifice. Yes their economy is going to shrink, but, lets face it, it is one of the richest countries on earth.
How about the US steps up and lowers the LNG prices and ships them over to Germany at the similar cost of Russian gas before making that kind of demands? Sure its going to cost the US to do such a thing but hey since we are talking, how we give the oportunity to some of the fugitives from Iraq Afganistan Syria that came to Germany to fly to US to work and live there? Would be fair aswell if you ask me. We were all involved so lets share the burden fair and square.
With alot of middle- and under-class people. 80% of the country isnt rich. Its only 20% of folks maybe maybe, but they dont pay taxes. its the average folks.
False, it is long past time for Germany to step up. Ut have you ever tried to convince a German of anything? The people here are a collective hive mind. They do as they're told and have zero critical thinking skills...well, a few do but they're ignored.
This is how Germany winds up on the wrong side of history every time. If the queen bee says something, they do it without questioning. It is efficient as long as the queen makes the right choice, which as history tells us is rare.
It's a form of self imposed authoritarianism. The respect for "betters" is irrefutable. Respect in Germany is demanded and given rather than earned.
Oh yeah, Germany took almost 400k fugitives from Ukraine aswell. How about US does something about those people and brings them to their own soil? No?
@@bambinonegrobayern4882 The world "don't get into bed with Putin, it could end Badly".. Germany "it ended badly, lets all share the burden fair and square" .... 🤣🤣
To stop using fossil fuel you can’t just point out how it is used. Do we absolutely need plastic wrappers and glue? No. Can we use less electricity? Of course. Does nature use fertilizer for growing? No. It is time to embrace regenerative agriculture. Phase out plastic and other chemicals. So many products have been created which create their own demand. Humans are so much more adaptable than this. We have only lived with these things for a half of a century out of hundreds of thousands of years. Do we to light up the streets at night to make it as bright as the day? There is a serious disconnect from reality - and everyone on earth needs to embrace living in a world where energy is scarce.
You are welcome to 18th age)
so you mean back to the 18th century?
what about TAP gas pipeline from Azarbajdan the rival pipeline to Gazprom, and whats with all the earthquakes on that line during 2019. contunued in 2020.
How did DW not see this coming?
Bribes