Europe’s energy crisis to worsen regardless of Nord Stream 1 restart: Advantage Energy CEO
Mike Belenkie, president and CEO of Advantage Energy, joins BNN Bloomberg and says that large inventory and existing capacity means the company is well positioned for future growth. He also says Canada has enough supply to export natural gas, but that this country’s regulatory environment poses a challenge to growth of energy in the west.
They were stupid to rely on Putin’s Russia for their energy supplies and will now suffer a long hard winter:
Germans are starting to limit heating in their homes and ration their hot water as they anticipate Russia cutting off the country from its gas supplies over the long term.
Shutting down swimming pools and dimming street lights are all part of the plan to limit gas usage, according to a report from the Financial Times
The question all these years, if Germany did not take that oil and gas from Russia where would those supplies have come from?
Same place as they are going to come from in the future!
Germany’s problems date back over 20 years with over optimistic expectations for wind and solar power. Wife commented yesterday that “we thought it rained a lot in Nova Scotia … until we moved to Germany” (for 13 years).
Wind power also lacked reliability not to mention SB’s correct comment about trying to build the power lines to places that the locals didn’t want them. The large imports of hard coal didn’t bode well but Germany’s own hard coal was mostly used up by industry over a very long periods of time. The lignite (very poor quality, dirty unfinished coal) mines were horribly polluting and whole towns were destroyed to get at the Lignite underneath. Nuclear was a major source of clean power until an offshore earthquake near Japan and the “Chernobyl disaster 1986 nuclear accident in Soviet Ukraine” scratched that option as well.
LNG is possible but far from cheap particularly after the Texas LNG terminal fire? Attempts have been made and cancelled to build two LNG terminals in much closer Cape Breton with Germany helping out with the cost but it would be a very long term and very expensive pair of projects.
I can’t help but think that Germany will be forced to reopen the lignite mines (some are still operating) with the usual associate promise to close them again as soon as possible.
Hopefully decommissioning of those last three reactors have not gone too far?
The reactors of Brokdorf, Grohnde and Gundremmingen C, run by utilities E.ON and RWE, shut down late on Friday after three and half decades in operation. The last three nuclear power plants - Isar 2, Emsland and Neckarwestheim II - will be turned off by the end of 2022.
Some here are clutching to low priced subsidized fossil fuels no matter how expensive the reality of the externalities are. Unwilling to pay for a better solution. Fully willing to profit off of climate change. The “costs”.
Wind power also lacked reliability not to mention SB’s correct comment about trying to build the power lines to places that the locals didn’t want them. The large imports of hard coal didn’t bode well but Germany’s own hard coal was mostly used up by industry over a very long periods of time. The lignite (very poor quality, dirty unfinished coal) mines were horribly polluting and whole towns were destroyed to get at the Lignite underneath. Nuclear was a major source of clean power until an offshore earthquake near Japan and the “Chernobyl disaster 1986 nuclear accident in Soviet Ukraine” scratched that option as well.
Actually Germany has done a tremendous job of getting rid of coal/lignite power generation over the last 10 years.
Germany now has wind, solar and other renewable power generation that provides 41% of its electricity. Without these renewables Germany would be using much more coal/lignite for power generation.
We all know that power generation is not the biggest user of fossil fuels even though some people do not understand that fact and only concentrate on power generation to keep people warm in the winter. Most people do not use electricity for heating.
Transportation, industry and buildings use the majority of the fossil fuels in most countries - including EU, USA and Canada.
Germany’s problems date back over 20 years with over optimistic expectations for wind and solar power
Germany’s problems date back to the Fukushima nuclear disaster in 2011. Of the 17 nuclear power plants Germany had at the time, only three remain in operation now. Germany made an all or none decision to rely on Russian LNG which at the time was safer and cheaper. Even the three nuclear power facilities remaining accounts for 12% of Germany’s power grid; and the current plan is to shut those down by the end of this year. Germany depends massively on Russian gas having switched away from nuclear power.
Natural gas generates 15% of German electricity. I would not call that massively switched to natural gas. Current natural gas usage for electricity is about the same as pre-Fukushima natural gas usage for electricity.
Germany’s biggest landlord turns down the heat as Russian gas shortage bites www.wral.com/germanys-biggest-landlord-turns-down-the-heat-a…
Germany’s biggest landlord will turn down the heat for hundreds of thousands of residents in the coming months as Russia throttles supplies of natural gas. Vonovia, which bills itself as the biggest provider of housing in Germany with 1 million tenants, said Thursday it was trying “to save as much gas as possible” to prepare for a deepening energy crisis. The restrictions would apply to 55% of its apartments and continue until further notice, a spokesperson said…
The scale of the energy crunch was underscored Friday by news that one of Germany’s biggest power utilities — Uniper — had asked for a government bailout as a consequence of the “current gas supply restrictions.” And German lawmakers gave their support to plans to reactivate coal-fired power stations to preserve gas…
Economy Minister Robert Habeck said last month that while he hoped rationing wouldn’t be necessary to get through the coming winter, he couldn’t rule it out.
Thank you for recommending this post to our Best of feature.
Germany’s biggest landlord turns down the heat as Russian gas shortage bites
…
The restrictions would apply to 55% of its apartments and continue until further notice, a spokesperson said…
… And German lawmakers gave their support to plans to reactivate coal-fired power stations to preserve gas…
…
Well darn, who saw that coming? Back to old reliable along with green/yellow sulphur stains on the cars in the morning after a light rain and the wind in the right direction. }};-@
Only 15%??? That’s not that much. The media is making it sound as if German industry will shut down without Russian gas! Assuming ZERO Russian gas, all they need to do is reduce their consumption by 15%. That should be doable.
