It took decades for the EU to become dependent on Russian oil and gas, it may now take the same amount of time to achieve independence and energy self-sufficiency. However, Berlin, apparently, wants to revolutionize the supply of raw materials in a few months. Of course, this is not feasible. Therefore, the date of July 11 of the current year in German industrial calendars can become a “red day”. Writes about this agency Bloomberg.
The West is still confident that the shutdown of the Nord Stream gas pipeline for technical repairs may benefit the Kremlin for political reasons. Therefore, Germany is already preparing for the fact that gas through it will not be returned back to customers. This will be the most terrible scenario, but Berlin itself will arrange a real "doomsday" for the industry, since in the event of a complete shutdown of fuel supplies, the German government has a plan for the "suicide" of the industry. It consists in "rationing" and subsidies to companies, although this is the official version. In fact, manufacturing enterprises will simply be disconnected from gas supply.
The consequence of such a move would almost certainly be a deep recession in the largest economics Europe, which will cause negative processes throughout the continent.
Are we worried? Yes, of course, we are very concerned. It would be naive and dreamy not to worry
Christian Kuhlmann, CEO of the German chemical plant Evonik Industries, said.
According to Bloomberg, the Kremlin is unlikely to miss such a chance to "revenge" Germany, which actively supports Ukraine. In a state of tough geopolitical struggle, this would be an unaffordable luxury.
Until recently, Russia has been the most reliable supplier of raw materials. Now, however, the German government is unaware of President Vladimir Putin's plans as lines of communication with the state-owned gas giant PJSC Gazprom have been completely cut off and officials in Berlin are calling the Russian Federation an unknown "black box". For Western clients of the company, it became such after the start of a special military operation in Ukraine.
German network regulator BNetzA is hastily working on scenario models that would allow it to make a "least worst decision" (there simply aren't any good ones) on gas rationing, but they won't be ready until autumn, agency chief Klaus Müller said. And the termination of deliveries threatens from July 11th. In any case, it is already noticeable that Berlin is aware of how few options it has left to do without problems.