![]() Great community set up too that are happy to answer any question you have with immediate answers. Dazn, Hulu, HBO Max, Peacock to name a few. You can save yourself a fortune and also get a much wider selection of TV. Finally a chance to legally stream from the broadcasters themselves. that continues to flow to Europe through Ukraine," James Huckstepp, EMEA gas analyst at S&P Global Platts, said in a Twitter post, adding it was "only a matter of time." before those faced disruptions.This box is brilliant. Germany's storage facilities are now about 85% full, while facilities across Europe hit an 80% target last week.Īlthough Russian gas has still flowed to Europe via Ukraine, albeit at reduced levels, analysts said those supplies could also become a casualty of the conflict. Klaus Mueller, president of Germany's Federal Network Agency energy regulator, said in August that even if Germany's gas stores were 100% full, they would be empty in 2-1/2 months if Russian gas flows were halted completely. The global market for LNG was already tight as the world economy sucked up supplies in the recovery from the pandemic, even before the Ukraine crisis added to challenge. "There’s plenty of scope to replace that (Russian) gas with LNG imports for now, but when the weather turns cold and demand starts to pick up in the winter in Europe and Asia, there's only so much LNG out there that Europe can import,” Mandel said. Norway, a major European gas producer, has also been pumping more fuel into European markets. In its race for alternative gas supplies, Germany is rapidly installing temporary liquefied natural gas (LNG) terminals to enable it to receive gas from producers further afield, and it is planning to build permanent LNG facilities. Phase three would see some industry rationing. Germany is at phase two of a three-stage emergency gas plan. German Chancellor Olaf Scholz said on Sunday that Germany, the EU's economic power house and Europe’s largest gas consumer, had been preparing for a total halt in gas deliveries. ![]() 9 to discuss options to rein in soaring energy prices including gas price caps and emergency credit lines for energy market participants, a document seen by Reuters showed. read more PREPARING FOR THE WORSTĮU countries' energy ministers are due to meet on Sept. Sky-high power costs have already forced some energy-hungry industries, including fertiliser and aluminium makers, to scale back production, and led EU governments to pump billions of euros into schemes to help households. "Supply is hard to come by, and it becomes harder and harder to replace every bit of gas that doesn't come from Russia," said Jacob Mandel, senior associate for commodities at Aurora Energy Research. Several states have trigger emergency plans that could lead to energy rationing and raising prospects for a recession. Russian gas being supplied via Ukraine, another major route, has also been reduced, leaving the EU racing to find alternative supplies to refill gas storage facilities for winter. The Nord Stream pipeline, which runs under the Baltic Sea to Germany, historically supplied about a third of the gas Russia exported to Europe but it was already running at just 20% of capacity before flows were halted last week for maintenance. Russia says the West has launched an economic war and sanctions have hampered pipeline operations. Register now for FREE unlimited access to RegisterĮurope has accused Russia of weaponising energy supplies in retaliation for Western sanctions imposed on Moscow over its invasion of Ukraine.
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