The third vice president and minister for the Ecological Transition and the Demographic Challenge, Teresa Ribera, points out that Germany has already seen how the supply of gas from Russia has decreased and “it is possible that the decrease in the flow of Russian gas to Europe will end up being generalized”. However, she points out that “we are not directly affected in a significant way because gas does not arrive through the gas pipeline and that which arrives by ship is 7.5% on average per year”, so it is easy to be replaced.
It does recognize that this supply cut does affect us in terms of price and the need to consolidate very varied suppliers. “We have to think about how to consume in the most intelligent way possible to have more margin in case we need to contribute to the solidarity effort with other countries of the European Union”, he points out.
“It is possible that the decrease in the flow of Russian gas to Europe will end up generalizing”
From the ministry they work on contingency plans that include the most complex assumptions. Regarding the storage of natural gas, he points out that we are at historical storage levels to be as prepared as possible for the fall and winter and those assumptions of maximum tension.
Regarding the possibility that Russia will shut down the gas permanently on Monday, taking advantage of the stoppage of Nord Stream 1 for maintenance, he believes that “it is a possibility that must be considered.” He points out that “in principle it is a technical maintenance stoppage that should last 10 days but we must be prepared for this circumstance”. He maintains that the German government has been working on this and designing priority measures in terms of rationing.
“The EU wants to articulate joint energy purchasing systems to be able to articulate its power in the market”
The minister explains that marketers have contracted their natural gas in international markets for a long time and the reception capacity gives great strength, but when buying in the international market it depends on the demand at all times. Natural gas has multiplied its price by 6 in 6 months. “Let’s hope to maintain that position that is claimed by the EU which is to “design joint purchasing systems, that the EU can articulate its market power and can be achieved in a range of prices established for all companies that can join “.