Gazprom releases a sinister video mocking Europe over winter gas shortages – Frustrated by that?

Essay by Eric Worrall

After notifying a shut off gas supply indefinitelyand Massive gas flare-ups may have been sent to EuropeGazprom released a video titled “And Winter Will Be Big,” ostensibly to mock Europe’s gas shortages.

The shutdown;

Gazprom shuts down Nord Stream 1 pipeline ‘indefinitely’

Russian state energy giant Gazprom has stopped all gas flows to Germany, citing maintenance work.

Via Smruthi Nadig

Russian State Energy Corporation Gazprom closed indefinitely gas flow via the important Nord Stream 1 pipeline to Germany from September 2.

European governments have predicted Nord Stream 1 The pipeline will be up and running this week after a short maintenance period. However, Russia suddenly stopped the flow because of an oil leak in the turbine. Gazprom stated that until it makes all the repairs, it will not restart the pipeline.

After Russia’s Gazprom closed the Nord Stream 1 gas pipeline, intensifying Europe’s energy crisis, Finland and Sweden announced plans to provide billions of dollars in liquidity guarantees to their respective power companies.

Finland intends to provide $14.6 billion in liquidity guaranteewhile Sweden aims to provide $34 billion.

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Siemens Energy replied: “Such leaks usually do not affect turbine operation and can be sealed in place. This is a routine procedure within the scope of maintenance work.“

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Read more: https://www.offshore-technology.com/news/gazprom-shuts-down-nord-stream-1-pipeline-indefinifinity/

I suspect European politicians are hoping Russia is on the verge of collapse, that business as usual will return in the near future. But how can they be sure?

European politicians and energy brokers proved their incompetence in managing energy supplies in 2021, when they turned down long-term contract offers and instead gamble they can get cheap gasoline on the spot market – a gamble they lost, and lost miserably. So I don’t believe European leaders have any idea what they’re doing, when it comes to managing the 2022-23 energy crisis.

What is the prospect of Russia surrendering to European demands?

The Russian military may be embarrassing itself in Ukraine, but I’m skeptical of claims Russia is running out of money. Russia is still getting a lot of money from the West.

For example, Russia is making a lot of money from Asia’s fossil fuel exports. One of the reasons gasoline prices have dropped a bit recently in Asia is because a significant amount of cheap Russian oil has returned to the international market, through a big hole in the sanctions. The vulnerability allows fundamentally modified products to be traded in international markets. Selling Russian crude is a sanctions violation, but selling gasoline refined by India and China from Russian crude is clearly OK.

Europe, the UK and Australia have the capacity to develop enough domestic supplies to eliminate our dependence on Russia. The United States experienced a brief period of energy independence under President Trump, before returning to import dependence under President Biden. Our current Western politicians may be able to eliminate their dependence on imports, but they are hesitant to give up their green energy fantasies, waiting for Putin to return as one. good shepherd.

They may wait longer than they bargained for.