Page 51 - Nigeriaone mag 3 edition en

Considering Russian gas supplies are in constant
uncertainty for the European Union, a complete cut-
off is not ruled out. There has been a suspension of
gas flows through North Stream, the largest pipeline
between Russia and Europe. According to Russians, it
is planned maintenance that will conclude by July 21.
After significantly reducing the flows coming
through North Stream in June, it is unknown
whether and at what level they will resume after July
21. Taking into account the worst-case scenario of
Russia's gas flows returning after July 21 to lower
levels or being completely cut off at the start of
winter, the EU would need to have filled its gas
storage facilities by then by over 90% to get through
the winter. And even then, it could still face supply
disruption in the latter part of the winter. A
reduction of Europe's current gas consumption and
storing the saved gas are two of the most important
steps needed by Europeans to achieve 90 percent
storage. In the next three months, the IEA estimates
that 12 billion cubic meters of extra gas will need to
be saved.

Two nuclear reactors in France

That's nearly 130 LNG tankers worth. Furthermore,
Europeans are unable to substitute for Russian gas
supply shortages with gas from non-Russian sources
due to limited supply and diminished volumes. To
avoid being in an extremely vulnerable situation,
Europeans need careful coordination and a strong
degree of solidarity to implement certain measures:
minimize gas use in the power sector, enhance
coordination among gas and electricity operators
across Europe, and bring down household electricity
demand by setting cooling standards and controls,
harmonize emergency planning across the EU at the
national and European level. Additionally, European
governments should prepare the people of Europe
for what may lie ahead. In the context of an energy
crisis, public awareness campaigns have previously
been successful in reducing short-term energy
demand.
There is no doubt that Europe's ongoing energy
crisis is causing serious economic damage in the
short run, but it may eventually result in a
permanent change in consumption patterns.
The Eiffel Tower in Paris consumes a lot of electricity

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