Robert Besser
23 Jun 2022, 17:29 GMT+10
AMSTERDAM, Netherlands: Amidst Europe's response to Moscow's invasion of Ukraine and subsequent reduction of the deliveries of Russian gas, Germany, Italy, Austria and the Netherlands have hinted that coal-fired power plants could help see the continent through the crisis, which has caused a surge in gas prices and further intensified increases in inflation.
This week, the Dutch government said it will activate the first phase of an energy crisis plan, which includes removing a production cap at the country's coal-fired energy plants.
Due to the uncertainty of Russian supplies, Denmark has also enacted the first step in an emergency gas plan, while Italy moved closer to declaring a state of alert in energy, after oil company Eni said Russia's Gazprom told it that it would receive only part of its allocated gas supplies.
Germany said it could restart coal-fired power plants that it had aimed to phase out, and announced its latest plan to increase gas storage levels.
"That is painful, but it is a sheer necessity in this situation to reduce gas consumption. But if we do not do it, then we run the risk that the storage facilities will not be full enough at the end of the year towards the winter season," said German Economy Minister Robert Habeck.
Also this week, Austria's government agreed with utility Verbund to convert a gas-fired power plant to coal should the country face an energy emergency.
Last week, citing the delayed return of equipment being serviced by Germany's Siemens Energy in Canada, Russia's state-controlled Gazprom cut capacity along the Nord Stream 1 pipeline.
"We have gas, it is ready to be delivered, but the Europeans must give back the equipment, which should be repaired under their obligations," Kremlin spokesman Dmitry Peskov said.
German and Italian officials have said Russia was using this as an excuse to reduce supplies.
Meanwhile, Russia again blamed Europe for the energy crisis, after the West imposed sanctions in response to Moscow's invasion of Ukraine.
Get a daily dose of Africa Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Africa Leader.
More InformationMOSCOW, Russia: The UK newspaper, the Telegraph, has been blocked in Russia, following a request from the Russian prosecutor-general.The TASS ...
LAHORE, Pakistan - An Airbus 320 carrying 171 passengers narrowly avoided an accident at Allama Iqbal International Airport, Pakistan's second-largest ...
WASHINGTON, DC - U.S. President Joe Biden on Friday vowed to "do all in my power" to protect a woman's ...
YANGON, Myanmar - According to military-run media, a junta delegation discussed nuclear technology collaboration with a Russian state-owned atomic energy ...
DHAKA, Bangladesh - The United States Agency for International Development (USAID) is providing more than Tk2.3 crore in emergency funding ...
PHNOM PENH, Cambodia: Cambodian villagers on the Mekong River have caught a stingray fish weighing 661 pounds, which is the ...
LONDON, England: As prices in stores throughout Britain rise, British consumers shopped less in May and also expressed less confidence ...
SAN FRANCISCO, California: General Motors' self-driving Cruise division has begun charging fares for driverless rides in San Francisco.Earlier this month, ...
NEW YORK, New York - The euphoria on Wall Street of late last week was absent on Monday as all ...
WASHINGTON D.C.: In May, sales of new U.S. single-family homes unexpectedly increased, but this is expected to be temporary, as ...
LONDON, England: British Airways' staff at London's Heathrow airport has voted to strike due to pay disputes. Amidst an already ...
SYDNEY, NSW, Australia - Stocks across Asia rose on Monday, in a positive start to the week.The U.S. dollar was ...