Sunday, June 26 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Jun 20
Week of Jun 13
Week of Jun 06
Week of May 30
Week of May 23
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    EU launches plan to cut Russian gas ties


    May 17, 2022 - CE Noticias Financieras

     

      The European Commission will unveil tomorrow the details of its "Repower EU" plan to move the European Union away from Russian gas as soon as possible, diversifying suppliers, gaining in energy efficiency and increasing renewable generation and the production and import of "green" hydrogen, reported EFE news agency.

      The EU executive will deepen the plan it outlined in early March, following the Russian invasion of Ukraine on February 24, for the EU to reduce its imports of Russian gas by two-thirds in one year (about 100 billion cubic meters or 100 bcm), with a view to renouncing these purchases by the end of the decade.

      In retaliation to Moscow for the war, the EU has vetoed Russian coal imports from August and the EU-27 are negotiating a proposal to gradually ban oil imports that finance the Kremlin, which for now has encountered obstacles in countries with heavy dependence on that fuel or its transport, especially Hungary.

      As for gas, the EU buys 40% of what it consumes in Russia, and replacing it is more difficult than oil, so the European Commission is betting on accelerating the disconnection instead of seeking consensus to ban it.

      Additional funds

      According to a draft consulted by Efe of the main document to be presented by the Community Executive, disconnecting rapidly from Russian gas will require an additional 195,000 million euros of investments until 2027.

      Brussels believes that this money would be needed mainly to deploy infrastructure to generate renewable energy and improve energy efficiency, but in return, the Commission estimates that the EU could save 80,000 million euros a year in gasimports, 12,000 million in oil and 1,700 million in coal.

      Brussels' objective, according to the draft, is to double installed solar power capacity to 300 gigawatts by 2030 and to raise the target for renewable energy consumption from the current 40 % to 45 %.

      The Commission also wants to encourage the European Union to produce 10 million tons of "green" hydrogen, generated by electrolysis from surplus renewable energies, and to import a further 10 million tons.

      Brussels is expected to attach particular importance to developing the infrastructure needed to produce and transport this fuel, including cross-border interconnectors.

      Electricity

      The Commission will also detail its plans to obtain more energy from biomass, both in terms of agricultural biomethane and by using biomass from forests to make fuelwood, provided that the supply is sustainable.

      In addition, Brussels believes that EU countries can achieve a 5% reduction in gas consumption in the short term with measures such as installing heat pumps to replace gas air conditioning systems.

      In the medium term it calls on the EU co-legislators, Council and European Parliament to raise the ambition of the Commission's proposal for a 30% improvement in the energy efficiency target, presented in July last year without taking into account the current geopolitical context.

      The energy package is also expected to include a report on the design of the European electricity market following the conclusions of the Agency for the Cooperation of Energy Regulators, which recently called for "prudence" in case of having to intervene "in situations of extreme pressure".

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.