Hands up if you want to risk your country running out of energy supplies! Oh…no takers. But…climate crisis…emissions…blah blah? Not now please, we’re too busy with more urgent matters – like power for next winter.
– – –
While the European Commission has shared three main ways to reduce Russian energy dependency – energy savings, renewables and diversification – many countries opted for their methods, including the revival of fossil fuel projects, says Euractiv.
Commission President Ursula von der Leyen recently warned EU member states not to backtrack on their long-term drive to cut fossil fuel use as a handful of nations turned to coal following a decision by Russia to limit their gas supplies.
Other countries decided to speed up or expand gas drilling initiatives, and some U-turned on previous decisions against drilling.
One example is the joint Dutch-German North Sea drilling operation. The project has been planned for some time now, but the German state of Lower Saxony government decided against issuing permits. The Dutch Ministry recently announced that Lower Saxony “is now making a different decision because of the war in Ukraine,” and drilling is set to begin in 2024.
Locked reserves? Change the law!
The push for the expansion of gas drilling activity is also happening in Italy. The country produces around 3.3 billion cubic metres of gas annually, and the government estimates there are reserves of 70-90 billion cubic metres in Italian subsoil. However, reserves are currently locked by law, and gas cannot be extracted.
In February, in response to the energy crisis and rising energy bills, Italian Prime Minister Mario Draghi’s government started reasoning on the hypothesis of doubling extraction.
The war in Ukraine has accelerated the discussion on the country’s energy strategy to exploit its resources. After Gazprom cut supplies to Italy, Ecological Transition Minister Roberto Cingolani opened up to a review of drilling activity, calling it a “mistake to have gone from 20% domestic gas in 2000 to 3-4% in 2020.”
Romania is the biggest oil producer among EU member states and also has proven offshore gas reserves. Until April, these reserves have been locked. The governing coalition, however, agreed to change the offshore law and allowed investors to exploit the reserves.
Norway has traditionally been the second most important gas supplier for the EU. After the invasion of Ukraine, Norway vowed to help the EU reduce its dependency on Russian gas.
To replace Russian gas, the Norwegian government authorised an increase in production, which was met with strong disapproval from the left-wing opposition, warning of the lock-in of investments in the fossil fuel projects.
Full article here.
via Tallbloke’s Talkshop
June 23, 2022 at 02:40PM