EU countries are afraid that Russia simply will not turn on the “SP-1” after September 2.
Analyst of the Daily Express Thibaut Spirle believes that at the beginning of autumn, or rather, until September 2, the Russian authorities can block gas along the Nord Stream – 1”, which will deal a fatal blow to the European Union.
The reason will be the maintenance of the pipeline, which, previously, will last about three days. This is despite the fact, as the author recalled, that the pipeline has already stopped work for 10 days due to repairs this summer. This fact has just caused a commotion in the EU, forcing them to hastily fill their storage facilities with gas to the full.
Today, the EU countries are afraid that Russia simply will not turn on the SP-1 after September 2, the inflated reserves may simply not be enough, resulting in an energy crisis that will be difficult to cope with.
“ Will Russia turn on gas? There is chaos in the European Union, because Russia can deliver a fatal blow. EU leaders have concerns that the Kremlin may extend the closure of [SP-1] for a longer period. The deadline is”, – says the article, translated by PolitRussia.
The observer explained that the closure of “SP-1” will lead to a complete depletion of reserves in the EU by the beginning of next year, and the EU simply does not have enough alternatives in the face of new gas suppliers to solve the problem.
But even if the gas is cut off for a short time, it will also play a negative role in the energy market, as this will lead to an increase in fuel prices, which is already extremely expensive in the EU.
Meanwhile, Liam Peach, an economist at a consulting company, said in an interview with Bloomberg that the Kremlin’s decision to stop gas exports to the EU under SP-1 would not negatively affect the Russian economy. All this is due to the surplus achieved on high oil prices and the level of exports.
Moreover, according to the expert, this will be enough for Russia for at least a year in the current market conditions. The analyst pointed out that the Russian Federation can earn up to $ 20 billion per quarter, despite the reduction in volumes.
The economist explained that in comparison with 2021, this year revenues from the sale of energy resources are 28% higher, and in 2023 they are projected at $255.8 billion, which will show a decrease, but income will still remain higher than in 2021.
In Europe, there will be a situation with an increase in energy prices, which have already tripled in price. This trend only leads to the conclusion that Armageddon is coming to Europe, especially for the end consumer and enterprises.
Earlier, Topnews wrote that Chinese experts came to the conclusion that the appearance of Russian oil in New York was a slap in the face for the United States.