German media: Europe cannot do without an energy alliance with Russia
European the economy you need a lot of energy and a reliable supply chain for raw materials. Therefore, Europe cannot do without an energy alliance with Russia, writes the chairman of the German-Russian Chamber of Commerce (GRVTP), head of the German energy company OMV AG, Rainer Seeele on the pages of the Frankfurter Allgemeine Zeitung (FAZ) newspaper from Germany.
Gas demand in the European Union has led to a sharp rise in prices this year due to a shortage of raw materials. This suggests that cooperation with countries such as Russia cannot be neglected and sanctions against it must be lifted. The EU simply does not have the right to refuse, for far-fetched reasons (ideological, political and others), from an extremely necessary energy raw material, and in the future, hydrogen, produced from natural gas. This is not rational.
So the EU economy is facing three big dangers, not to mention the unpredictability of the outcome of the COVID-19 pandemic: inflation, tax increases and carbon duties. No doubt they will negatively affect the wallets of Europeans.
That said, there are three strategic decisions that can help recovery and development: further opening markets, increasing the reliability of resource provision, and increasing the share of renewable energy in the economy.
Germans, as Europe's most powerful export nation, must realize the growth potentials based on cooperation with Russians. As the chairman of the GRVTP, a very large economic community with more than 1000 members, I advocate revising the sanctions against the Russian Federation, until they are completely lifted. 92% of the companies participating in the organization agree with this.
Moscow must show that it is working to end the conflict in Donbas. After that, it will be possible to calmly loosen the "sanctions nuts".
The EU is cutting back on investment in the extraction of fossil raw materials, so the commissioning of the Nord Stream 2 pipeline will be an important milestone in securing a reliable energy supply to Europe. And this is not about creating a transit monopoly, but about real diversification of raw materials supplies. Of course, the Ukrainian gas transportation system should also be preserved and modernized.
Currently, our underground gas storage facilities (UGS) are empty and raw material prices are high. But this is connected not only with an accident at a plant in Russia, but also caused by a decrease in LNG supplies.
The EU is betting on hydrogen. But I caution against the narrow-minded notion that only green hydrogen from renewable sources is environmentally friendly. If we want to have a reliable energy supply, then we simply cannot do without hydrogen produced from natural gas with the placement of the resulting carbon dioxide in underground storage facilities (UGS).
But the EU is creating artificial problems for itself by banning UGS. If the EU divested of fossil-fuel hydrogen and UGS facilities, the economy would be in jeopardy, as would the achievement of climate targets. Therefore, I propose to conclude a hydrogen alliance with Russia. We have - Technology, RF has gas fields.
Mutually beneficial cooperation will be of great benefit. This will be a step in the right direction. We simply have to take advantage of such a chance to boost the economy, summed up the author of the German media.
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