Without Russian gas. Issue price

Prospects for reducing dependence on Russian gas are more than real, found brussels research organization Bruegel. Its experts argue that in theory the EU could fully replace imports of gas from Russia availability of alternative sources in the long term of one year.

In 2013. Gazprom exported to Europe 138 billion cubic meters. m (27% of requirements). Another 23% of EU gas received from Norway, 8% - from North Africa, 9% - in the form of LNG (mainly from Asia). The remaining 33% of the gas needs are covered by their own production.

Estimated Bruegel, the existing infrastructure can increase the supply from Norway by 20 billion cubic meters. meters of gas per year. 60 billion "cubes" of Russian gas can be substituted for the additional imports of LNG. In addition, production at Europe's largest Groningen gas field in the Netherlands may be increased to 60 billion cubic meters. m, whereas now the marginal production of 43 billion cubic meters. per year. Finally, Europe has the possibility of saving gas and reducing gas needs (for example, through the use of oil instead of gas for heating). The application of all these measures and alternative sources will allow Europe to more than replace imports of Russian gas, experts conclude Bruegel.

The optimum combination of these measures will enable Europe to gain independence from Russian gas for just 3, 9 bln., Which is only 0, 02% of European GDP - that is the total cost of the replacement of Russian gas. But the loss of revenue will reach Russia in this case more than 48 billion dollars. (2, 2% of GDP).
Of course there are a number of logistical issues. But in general, the EU is able to solve the problem of addiction for years

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