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To: BeauBo
The explicit plan, announced two weeks after Russia's latest invasion, and fully funded by European authorities, is to fully replace Russian oil and gas imports

Yeah?
How's that working out?
Is that why they are turning off hot water in Germany already, even with significant natural gas imports from Russia?

44 posted on 07/28/2022 8:40:11 PM PDT by SmokingJoe
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To: SmokingJoe

“The explicit plan, announced two weeks after Russia’s latest invasion, and fully funded by European authorities, is to fully replace Russian oil and gas imports”

“How’s that working out?”

Quantitatively, it is on track. Last year, Russia provided Europe with 45% of its natural gas, and it is now down to 15%. The Europeans are taking exceptional measures to make this happen (like turning off hot water in public buildings in Hannover), and paying many billions of Euros for new permanent infrastructure for the alternative supplies.

It is a big job, and it is estimated to take about three years to complete, but most of the reduction is front loaded this year.


48 posted on 07/29/2022 8:39:15 AM PDT by BeauBo
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