Germany plans to stop importing coal and oil from Russia this year

2022-06-07 0 By

Germany plans to reduce its energy dependence on Russia by halting coal and oil imports and gradually reducing gas imports by the end of this year, according to a plan released By Deputy Chancellor and Minister of Economy and climate Protection Robert Habeck on Thursday.Western countries imposed sanctions on Russia after it launched a special military operation in Ukraine on February 24.Among them, the United States announced an energy embargo against Russia, stopping imports of oil, gas and coal from Russia, while the United Kingdom said it would stop imports of oil and petroleum products from Russia by the end of the year.Within the European Union, Germany is the largest buyer of Russian energy.According to the German media, Germany has been dependent on Russian energy for decades, and it will not be easy to wean itself off that dependence.Before the conflict, About 50 per cent of Germany’s fossil fuel consumption came from Russia, 35 per cent of its oil and 55 per cent of its natural gas.Habeck wrote in the plan that Germany would reduce its energy dependence on Russia in stages.By the middle of this year, Germany’s oil imports from Russia are expected to have halved from current levels;Germany will basically stop importing oil from Russia by the end of the year.In terms of coal, Germany is expected to stop imports from Russia by this autumn.German companies are not renewing existing oil and coal contracts in Russia and will turn to other countries for new supplies, Mr. Harbeck said.Germany will take longer to wean itself off its dependence on Russia for gas, with imports expected to largely stop by summer 2024.Since the outbreak of the conflict, Germany’s share of Russian gas imports has fallen from 55 per cent to 40 per cent, according to Mr Harbeck.The German government has suspended the approval process for the Nord Stream 2 gas pipeline project with Russia because of the situation in Ukraine.Nord Stream 2, a gas pipeline from Russia to Germany under the Baltic Sea, bypassing Ukraine, would have doubled deliveries to Germany.Energy prices in Germany and other EU countries rose further from last year’s highs after Western countries imposed sanctions on Russia.Some price monitors estimate that German households will pay 1,000 to 2,000 euros more for gas this year.A few days ago, Mr Harbeck visited Qatar, one of the world’s biggest exporters of LIQUEFIED natural gas, to seek new contracts to fill Germany’s shortfall.European countries that do not want to cooperate with Russia in the energy sector should “tell their citizens directly who is undermining their prosperity in what ways,” Russian Foreign Ministry spokeswoman Maria Zakharova said Wednesday in response to European countries discussing an energy embargo against Russia.We will work with countries that are interested in ensuring their own energy security.”Russia supplies 40 percent of the European Union’s natural gas and nearly a third of its oil, and it will be difficult for European countries to give up these energy sources, Dmitry Medvedev, deputy chairman of the Russian Federal Security Council, said Thursday.But if they do, Russia will respond.He said that under the current situation, Russia is considering multi-channel energy export and has begun to pay attention to the Asian market.Source: Xinhua News Agency, Beijing, March 26 (Read: Tan Lugang