senheiser
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17 May, 20:51
EU own energy resources to last less than year - media - News - World - The Voice of Russia: News, Breaking news, Politics, Economics, Business, Russia, International current events, Expert opinion, podcasts, Video
© Photo: RIA Novosti/Alexander Mazurkevich
Several European countries are facing a potential energy crisis, making it necessary for them to cooperate with Russia in terms of natural gas supply, according to a report made by Anglia Ruskin University in UK, cited by CNBC channel on Saturday.
The Ukrainian crisis made the problem of the European countries' dependency on oil and natural gas supply from Russia even more poignant.
EU is concerned that the import of hydrocarbons may become heavily influenced by politics, as countries with small energy reserves essentially become dependent on imports of energy resources.
France's and Italy’s own coal, oil and natural gas reserves would last less than one year if imports were to be halted, assuming that the current rate of energy consumption would've been maintained.
According to the current estimates, UK has enough oil reserves for 5,2 years, coal for 4,5 years, and natural gas for 3 years. Germany’s oil reserves would be depleted in less than a year, gas reserves – in two years, although the country has almost 500 year supply of coal (Bulgaria, for example, has enough coal for 73 years, and Poland’s supply would last for 34 years).
As for the other countries, most likely they would have to rely on energy cooperation with foreign entities, including Russia.
For comparison, based on the current energy consumption levels, Russia has enough oil for more than 50 years, its natural gas reserves would last for more than a 100 years, and its coal reserves would last for over 500 years.
"We're still very much dependent on the global energy resources market, and if something were to happen to one of the major exporters, it would greatly affect Europe. This problem must be seriously discussed by the government and business representatives as soon as possible," said Anglia Ruskin University representative, according to CNBC.
A three-party ministerial meeting on Ukraine’s gas debt may take place on May 26, a spokesperson for the European Commission said. Russia’s Energy Minister Alexander Novak, Ukraine’s parliament-appointed Energy Minister Yuriy Prodan and European Commissioner for Energy Guenther Oettinger are expected to participate in the meeting.
The press service of the European Commission said other dates would be discussed as well, but May 26 is being negotiated right now.
http://www.anglia.ac.uk/ruskin/en/h... Observatory_Country Resource Maps Report.pdf
EU own energy resources to last less than year - media - News - World - The Voice of Russia: News, Breaking news, Politics, Economics, Business, Russia, International current events, Expert opinion, podcasts, Video
© Photo: RIA Novosti/Alexander Mazurkevich
Several European countries are facing a potential energy crisis, making it necessary for them to cooperate with Russia in terms of natural gas supply, according to a report made by Anglia Ruskin University in UK, cited by CNBC channel on Saturday.
The Ukrainian crisis made the problem of the European countries' dependency on oil and natural gas supply from Russia even more poignant.
EU is concerned that the import of hydrocarbons may become heavily influenced by politics, as countries with small energy reserves essentially become dependent on imports of energy resources.
France's and Italy’s own coal, oil and natural gas reserves would last less than one year if imports were to be halted, assuming that the current rate of energy consumption would've been maintained.
According to the current estimates, UK has enough oil reserves for 5,2 years, coal for 4,5 years, and natural gas for 3 years. Germany’s oil reserves would be depleted in less than a year, gas reserves – in two years, although the country has almost 500 year supply of coal (Bulgaria, for example, has enough coal for 73 years, and Poland’s supply would last for 34 years).
As for the other countries, most likely they would have to rely on energy cooperation with foreign entities, including Russia.
For comparison, based on the current energy consumption levels, Russia has enough oil for more than 50 years, its natural gas reserves would last for more than a 100 years, and its coal reserves would last for over 500 years.
"We're still very much dependent on the global energy resources market, and if something were to happen to one of the major exporters, it would greatly affect Europe. This problem must be seriously discussed by the government and business representatives as soon as possible," said Anglia Ruskin University representative, according to CNBC.
A three-party ministerial meeting on Ukraine’s gas debt may take place on May 26, a spokesperson for the European Commission said. Russia’s Energy Minister Alexander Novak, Ukraine’s parliament-appointed Energy Minister Yuriy Prodan and European Commissioner for Energy Guenther Oettinger are expected to participate in the meeting.
The press service of the European Commission said other dates would be discussed as well, but May 26 is being negotiated right now.
http://www.anglia.ac.uk/ruskin/en/h... Observatory_Country Resource Maps Report.pdf