Edition: International | Greek
MENU

Home » Europe

Sweden, Denmark face ‘serious’ gas shortages

Swedish and Danish energy authorities issued an ‘early warning’ over gas shortages due to the reduced supplies of Russian gas on the European market

By: EBR - Posted: Thursday, June 23, 2022

As Russia reduced its gas supplies to Germany by 60%, Sweden and Denmark issued the lowest of the EU’s three alert levels, flagging energy supply difficulties on Tuesday. However, according to the Swedish Energy Agency, the supply situation remains robust.
As Russia reduced its gas supplies to Germany by 60%, Sweden and Denmark issued the lowest of the EU’s three alert levels, flagging energy supply difficulties on Tuesday. However, according to the Swedish Energy Agency, the supply situation remains robust.

by Charles Szumski

Swedish and Danish energy authorities issued an ‘early warning’ over gas shortages due to the reduced supplies of Russian gas on the European market.

As Russia reduced its gas supplies to Germany by 60%, Sweden and Denmark issued the lowest of the EU’s three alert levels, flagging energy supply difficulties on Tuesday. However, according to the Swedish Energy Agency, the supply situation remains robust.

“Stocks in Europe, and in the Swedish-Danish part of the system, are well replenished for the autumn,” the Swedish Energy Agency said.

The tone is slightly more serious in Denmark. “This is a serious situation we are in, and it has been exacerbated by the reduced supplies from Russia to the European gas market,” said Martin Hansen of the Danish Energy Agency, according to Danmarks Radio.

“We are following developments in the gas markets closely. We are still getting gas in Denmark, and we have plans ready to safeguard consumers. Fortunately, we are robust in Denmark because we have a lot of green energy,” Hansen said.

“Most of the gas-intensive companies have plans ready to replace gas, but we will now contact the companies again to see if the authorities can do anything to help them,” he said.

Should Denmark end up in a full-blown gas crisis, a contingency plan is ready so Danes do not have to fear a cold home over the winter, Climate, Energy, and Utilities Minister Dan Jorgensen declared.

“We are prepared for the possibility of an emergency. We are not there yet, but we are prepared,” Jorgensen told DR, adding that the plans include that the largest gas-consuming companies may end up having their gas supply completely or partially closed for a period.

Jorgensen does not doubt that the issue of gas has also become part of the political game between the EU and Russia. Therefore, we must prepare for two scenarios, he said.

“One is that Russia cuts off gas supplies to Europe completely. The other is that we ourselves choose to say that we will no longer accept it.”

In any case, he said Denmark should be cushioned for a crisis, mentioning that the Tyrafelt field, which produces gas in the Danish part of the North Sea, will reopen in mid-2023.

*first published in: www.euractiv.com

READ ALSO

EU Actually

‘Free debate and exchange of views is vital. Even when you disagree’.

N. Peter KramerBy: N. Peter Kramer

Hungarian Prime Minister Viktor Orban will speak today at the National Conservatism Conference in Brussels, a two-day far-right conference

View 04/2021 2021 Digital edition

Magazine

Current Issue

04/2021 2021

View past issues
Subscribe
Advertise
Digital edition

Europe

Can citizens trust sustainable aviation fuel?

Can citizens trust sustainable aviation fuel?

The market for low-carbon fuel for aeroplanes is still nascent, but it’s growing

Business

Artificial intelligence and competitiveness in the retail sector

Artificial intelligence and competitiveness in the retail sector

The importance of AI and machine learning in the retail market is confirmed by the projected dramatic growth of AI services worldwide, which will skyrocket from $5 billion to $30 billion by 2030

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2024. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron