Robert Besser
23 Jun 2022, 17:29 GMT+10
AMSTERDAM, Netherlands: Amidst Europe's response to Moscow's invasion of Ukraine and subsequent reduction of the deliveries of Russian gas, Germany, Italy, Austria and the Netherlands have hinted that coal-fired power plants could help see the continent through the crisis, which has caused a surge in gas prices and further intensified increases in inflation.
This week, the Dutch government said it will activate the first phase of an energy crisis plan, which includes removing a production cap at the country's coal-fired energy plants.
Due to the uncertainty of Russian supplies, Denmark has also enacted the first step in an emergency gas plan, while Italy moved closer to declaring a state of alert in energy, after oil company Eni said Russia's Gazprom told it that it would receive only part of its allocated gas supplies.
Germany said it could restart coal-fired power plants that it had aimed to phase out, and announced its latest plan to increase gas storage levels.
"That is painful, but it is a sheer necessity in this situation to reduce gas consumption. But if we do not do it, then we run the risk that the storage facilities will not be full enough at the end of the year towards the winter season," said German Economy Minister Robert Habeck.
Also this week, Austria's government agreed with utility Verbund to convert a gas-fired power plant to coal should the country face an energy emergency.
Last week, citing the delayed return of equipment being serviced by Germany's Siemens Energy in Canada, Russia's state-controlled Gazprom cut capacity along the Nord Stream 1 pipeline.
"We have gas, it is ready to be delivered, but the Europeans must give back the equipment, which should be repaired under their obligations," Kremlin spokesman Dmitry Peskov said.
German and Italian officials have said Russia was using this as an excuse to reduce supplies.
Meanwhile, Russia again blamed Europe for the energy crisis, after the West imposed sanctions in response to Moscow's invasion of Ukraine.
Get a daily dose of South East Asia Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to South East Asia Post.
More InformationHARTFORD, Connecticut: Following a state Senate debate and vote to approve Connecticut's most comprehensive gun legislation since the laws put ...
SPENCER, Massachusetts: Spencer, Massachusetts Fire Chief Robert Parsons has said that a June 2 fire that burned down a 160-year-old ...
MOSCOW, Russia: Journalists from countries that are "unfriendly" to Russia will be banned from covering this year's St. Petersburg International ...
SAN FRANCISCO, California: Landowners in California participated this week in a class organized by the El Dorado Amador Prescribed Burn ...
RAMALLAH, Wet Bank - A two-and-a-half-year-old Palestinian boy shot in the head by Israeli troops has died in hospitalThe boy, ...
NEWARK, New Jersey: Six years after his 2016 presidential campaign failed to succeed, Chris Christie, former New Jersey Governor, will ...
NEW YORK, New York - U.S. stocks were directionless Tuesday as investors had little to digest ahead of next week's ...
MENLO PARK, California: Facebook parent Meta has said that under a trial that could last through the end of June, ...
WASHINGTON D.C.: The Biden administration is expected to approve a deal allowing General Electric to assemble jet engines in India ...
TAIPEI, Taiwan: Taiwan and the United States are set to sign the first deal under a new trade framework, marking ...
NEW YORK, New York - U.S. stocks started the week under pressure on Monday. "Markets are catching their breath after ...
NEW YORK CITY, New York: A JPMorgan Chase & Co spokesperson has confirmed that as part of the bank's efforts ...