German Supplier Trading in Russian Gas Again
State-owned company business goes against government policy
State-owned company business goes against government policy
Gazprom’s purported technical issues mark the latest episode in what is fast becoming a long-running series of similar events—Gazprom has regularly invoked such issues as the reason for reducing gas flows into Germany and the rest of Europe.
In the first six month of this year, Gazprom—despite its gas imports to Europe having dropped by 35%—posted a record-breaking net profit of 41.7 billion euros.
The suspension of gas flows from Gazprom will not affect French consumers, Engie wrote in a press release.
With the missing gas turbine stuck with Siemens in Germany, Gazprom blames the delay for delivering only 20% of its capacity via Nord Stream 1. Meanwhile, Germany’s gas reservoirs are steadily filling up.
Russian state media celebrated Schröder’s statements while German legacy media was infuriated. Schröder now stands accused of spewing Kremlin propaganda.
Without this multi-billion euro shot in the arm, the firm may be unable to provide the volume of gas that Germany and the EU require.
Serbia has been upbraided for not following the Western world’s lead in condemning Russia’s invasion of Ukraine, as well as for refraining from sanctions.
The Orbán cabinet has put in place the means for Hungary to be independent from Russian natural gas. In the course of 12 years, it built links to all possible alternative energy sources; the fact that a number of them are inoperable is due to other countries.
After failing to achieve independence from Russian gas in the short term, German Minister of Economy Robert Habeck blocked the sale of the German subsidiary of Russian energy company Gazprom, and put it under state controlled trusteeship to ensure security of supply.
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