The bloc will either have to continue importing gas from Russia or reduce consumption, consultancy Yakov & Partners say
Reducing dependence on Russian natural gas supply is impossible for the European Union in the coming year without a massive production halt, RBK business daily reported on Monday, citing a study by McKinsey’s former Russian division, consulting company Yakov & Partners.
Their research showed that, despite reports that EU stores are full, the bloc has not yet overcome its reliance on Russian energy and will not be able to get through the coming winter and next year “without maintaining gas supplies from Russia or a [effecting] significant reduction” in consumption.
The report outlined that, in order to meet their needs until the end of 2022, European countries will either have to maintain imports from Russia or reduce gas consumption by an additional seven to 12 billion cubic meters, “which is possible only with a complete or partial shutdown of a number of industries.” The deficit may grow to 20-30 billion cubic meters if China’s demand for LNG recovers or if the winter is cold and long, or in the event of disruptions in supply chains, it adds.
Yakov & Partners indicated that 70% of nitrogen fertilizer production capacities in the EU have already been stopped, aluminum production has been reduced by 25%, and steel production by 5%. The authors of the study suggested that the decline in production is likely to continue “even in the event of a mild winter.”
“In the perspective of 2023, the rejection of Russian gas means a deficit of 40-60 billion cubic meters for European countries even while maintaining the current rate of gas savings for the whole of 2023,” said Elena Kuznetsova, a partner at the company.
She explained that 60 billion cubic meters of gas is comparable to the annual gas consumption of France and Poland combined, or the total annual gas consumption of such industries as fertilizer production, petrochemistry, ferrous and non-ferrous metallurgy, and all engineering. Stopping these industries will further affect other related industries, from agriculture to services, Kuznetsova warned.
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They are going to poison you, lock you in your home, make you wear a mask, teach your children they suck then mutilate their sex organs. They will starve you, steal your money, freeze you to death and for some reason you’re going to keep sticking around waitig for things to get better and return to normal? Maybe you could vote your way out of this. Or go to a protest and ask for your rights back.
That might work.
Or you could walk away, reject this system in totality and become a kind of pioneer working toward a new future because this is just the beginning.
That is either one of the funniest posts you’ve ever made, or it is unironically the funniest post ever made by a bot, I can’t tell which.
Or one could get mad. Really fucking angry.
Getting really angry screws up my aim.
No bueno.
Angry might keep you warm for a bit…
Ya pay for the gas or ya freeze yer ass…
Either way, (((TPTB))) win, until we change the paradigm.
I feel like these bootlickers deserve it. Maybe after freezing for a bit they’ll grow balls and stop supporting this type of nonsense and restrictive style of government that’s 4000 years old.
You must have missed the Queens funeral.
The masses cannot free themselves.
Right? They love their self induced slavery.
Human nature. Period, full stop.
Everyone is getting dragged along whether they supported this shit or not.
Seems like it’s all part of a plan… Chip
Most assuredly.
Time to move, y’all!!!
Started the wood stove for the first time last week. Had a 36 degree night took the chill out of the house. Last thing I was thinking was “I better turn down the heat this is going to drive my bill up”. Actually, I had to open some windows!
Every time you torch off your wood burning stove…
…one of Gretta’s little friends dies in agony!!!
That’s a good thing.
Winter is coming.
Got a good pile of wood covered, cupboards are stocked but the woodstove is not installed yet, why rush?
A car was jacked a few towns over. The acorns are falling, deer are getting more active. Turkeys are big, often seen roadside getting gravel for their digestion.
Motorcycle deaths doubled, car accidents are way up but the lady that hit me had her husband fix it, saved insurance and the body shops are full for at least 5 months, if parts are available.
Enjoy the fall everyone.
I have ten giant buttercup squash from the garden. I’m set.
How many days is that?
zero days for the dudes who like to post photos of steaks on the friday fail
They’ll just buy Russian energy through China and feel good about it.
Until china decides to take back Taiwan, then sanctions sanctions and more sanctions…
Result – china ends supplying meds, tools, cheap plastic junk, etc, and the gas they were buying, to any country sanctioning them… That should go well… Works on russia right!?!?
The Amish crew left my doomstead house yesterday as the the face lift is complete and ready for the winter weather. NONE of those Amish are worried about their heating bills as they have magic ways of keeping houses warm in winter and cool in summer without the aid of criminal utility companies. I admire their talents greatly.
Most Amish can heat their house all day with only a couple split logs….that’s it. Maybe more if it is below zero weather but only a couple will do on most days, it is the way the heat is distributed throughout the house from the type of wood stoves they use.
I realize the green Nazis don’t want people burning wood for heat but OTOH we don’t want to be lorded over by their ability to control prices or price us out completely. Whatever happened to public utilities run for the benefit of the public?
I’ve written this many times lately, utilities will become a luxury and water will be extremely controlled as to price and availability. Take HF’s advice and walk away from their BS, take care of yourself.
You are right, I should prioritize the well.
Ken- TPTB consider well water same as any other, they feel they have dominion over ground water also. I’d keep that very quiet.
BL here is that video.
Flea- I just came in the door, I notice Arch is on my case about blending meat(??) Beyond me……
Thanks for the video, I’ll watch it and get back to you.
Ok.
I can’t wait to see the animal sacrifices begin.
For the first time 1900 or so years, there will a real opportunity for Judeo-Christians to get right with God.
Well, our European friends can be satisfied that there is one really important outcome of this situation. The carbon footprint of the EU will be reduced. Europe will come closer to achieving its Global Warming goals. I think they will notice that there is a lot less warming soon.
I got a dumb, really, really stupid question; somewhat off-topic (maybe):
why can’t I buy rubles? I can purchase almost any other currency; why not rubles?
boron- You can buy rubles online but BE CAREFUL. Not sure I would do that myself.
Might I suggest buying Swiss Francs instead, always a good currency, probably even if the dollar craters.
Because (((TPTB))) say NYET!!!
( sarc off)
The issues facing Europe are coming our way,as always,prep and prepper cat is with ya’s!
Predicted headline from this winter:
EU directs national governments to prioritize fuel and food for migrants over native populace.