The fickering of E.U.’s energy security

By Nina Bachkatov

In a month time, the EU should implement a ban adopted in full coordination with its G7 partners to end its oil dependency from Russia. The ban will unfold in two stages: the first, on 5 December 2022, concerns the crude oil; the second,  on 5 February 2023, will stop imports of refined petroleum products. This is in the line with the 8 packages of EU sanctions, mostly directed against energy imports from Russia. Already, Gazprom’s deliveries have been cut down by two thirds and are due to drop further. Coal and civilian nuclear produces are already sidelined, and Westinghouse has been more or less discreetly ‘contacting’ countries that had previously used Rosatom services. Energy specialists have published converging reports according to which, if things stay as they are, the West can face the winter without the anticipated level of sufferings. This results from combined decisions to fill storage’s facilities during the autumn, a political readiness to release strategic reserves in case of shortages; and the mobilisation of all the users to reduce their energy’s consumption.

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