The reopening of the Nord Stream 1 gas pipeline, which supplies Europe with Russian gas, is a small positive signal in a difficult situation. This is what Troels Ranis, industry director at DI Energi, says.
- This means that right now we have not triggered an actual gas crisis in Europe. But it does not eliminate the problem. The situation is serious.
- And with the EU Commission's proposal on Wednesday, it is clear to everyone that we must save gas in order to get through the winter robustly if we want to guarantee our security of supply until next spring, he says.
He is referring to a proposal from the EU Commission, which on Wednesday presented a proposal to reduce EU countries' gas consumption by 15 percent.
The large Nord Stream 1 gas pipeline has been closed for ten days due to maintenance.
In Europe, there have been fears that Russia would not reopen the gas pipeline, which supplies large quantities of cheap gas to the continent. Around 32 percent of Europe's gas consumption comes from Russia.
Supplies 26 million European homes
The reopening of Nord Stream 1 gives Europe time to fill its gas reserves in the run-up to winter, although deliveries will still - as they have been since mid-June - be at 40 percent of maximum capacity.
- This is a very low gas supply level. But it gives us more time to fill our gas reserves across Europe. And this is very crucial for us to get through the winter robustly and safely.
- There is a need for controlled development in the management of security of supply in relation to Russia. The task is to get out of dependence on gas from Putin (Russian President, Vladimir Putin, ed.) and onto other energy sources, says Troels Ranis.
At normal capacity, Nord Stream 1 supplies Europe with 55 billion cubic meters of gas each year, which is delivered to Germany via gas pipelines under the Baltic Sea.
That is enough to supply approximately 26 million European homes.
There have been concerns that Russia would not reopen the important gas supply to Europe due to the war in Ukraine, which has led to several sanctions from, among others, the EU targeting Russia.
But the taps were reopened on Thursday as promised.
Ritzau
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