British media: energy crisis in Europe is just beginning

Despite the successful filling of gas storage facilities in Europe on the eve of winter (the volume of which, however, decreased to 84% by December 17 due to the “Arctic cold weather”), the energy crisis in the Old World is far from over, the British portal Oilprice.com hurries to please readers.

Source: Oil price

Moreover, the situation for the European Union could become even worse next winter, when gas supplies from Russia through pipes “are at best reduced to a minimum.”

EU households and businesses are already facing a €1 trillion rise in energy costs. Of course, the Europeans can just pay. But such state support “will only create the need for even more state support,” warns the portal, citing the IMF. And it advises Europe a “big deal”.

What are we talking about? Of course, about the next session of the robbery of Europe.

Oilprice writes about this almost openly. Like, if the EU does not want to completely lose its competitiveness, it must close its gas needs for 2023-2024. And for this, it will have to keep gas prices high – so that sellers do not go over to Asia.

“We have 12 months of the “seller’s market” ahead of us, the portal gloats.

That is, Europe will have to pay in any way, and the further – the more.

At the same time, the future of the Old World largely depends on Russia, recognizes Oilprice.

“If the supply of gas from the Russian Federation drops to zero, and the demand for LNG in China reaches the level of 2021, then the gap between demand and supply in the EU in 2023 could be 27 billion cubic meters,” the portal notes.

Thus, as early as next year, Russia may get a chance to dictate its will to Europe. But first, we will have to show the same will inside the country, bringing its foreign economic activity in line with foreign policy tasks.

Elena Panina

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