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EU to reach gas storage target months ahead of deadline (www.euronews.com)

submitted 1 year ago by misk@sh.itjust.works to c/europe@feddit.de

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[–] Chup@feddit.de 4 points 1 year ago (1 children)

You should clarify that it's getting off Russian gas and oil. Overall gas and oil will stay, just from other sources.

Gas pipelines bind end points together. The buyer is depended on the supplier, the supplier on the buyer. With Europe buying way more LNG now to replace Russian gas, the seller can be across the Atlantic Ocean. For oil this has always been the case with oil tankers.

Buying happens now on the international market instead of the pipeline end points (in Russia).

[–] MrMakabar@slrpnk.net 2 points 1 year ago

There was a massive decrease in natural gas consumption in Europe. LNG was not able to replace all of it, so alternatives and saving decreased consumption. There are also a number of laws and investment changes away from natural gas. LNG is just more expensive then pipeline gas and the EU wants to move away from fossil fuels anyway, so investments are not that intressting.