EU Floats Sanctions on Russian Liquid Natural Gas
France, Spain, and Belgium account for nearly 90% of all EU imports of Russian LNG, but mainstream media is already trying to blame Hungary in case the plan fails.
France, Spain, and Belgium account for nearly 90% of all EU imports of Russian LNG, but mainstream media is already trying to blame Hungary in case the plan fails.
EU countries spend billions on Russian liquified natural gas.
An EU member state endangering the gas supply of another is “unacceptable,” the Hungarian foreign minister said, as many suspect American interests behind the scenes.
State-owned company business goes against government policy
Despite gas storage being filled to 90% capacity, Europe’s energy supply for winter is far from secure.
Viktor Orbán hosted leaders from the Middle East and Central Asia on the sidelines of the World Athletics Championship to guarantee future energy supplies.
Habeck’s warning comes as the volume of Russian gas traveling to Germany and Eastern Europe is set to be drastically reduced when transit agreements between Ukraine and the Russian Federation expire in 2024.
Spain may be on a collision course with EU energy policy after a diplomatic conflict with Algeria forced increased reliance on Russian gas imports.
Calls for Rutte’s resignation have grown in the wake of a report from the Parliamentary Committee of Inquiry on Natural Gas Extraction in Groningen which concluded “the interests of the people of Groningen have been systematically ignored in the natural gas extraction” in the city, and added the result has “had disastrous consequences for them.”
The backup has been caused in part by current market forces and in part by Europe’s scramble to replace natural gas piped in from Russia with natural gas from other sources, primarily shipped LNG.
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