We are facing an extraordinary situation, because Russia is an unreliable supplier and is manipulating our energy markets. Our unity and our solidarity will ensure that we will prevail!
#Gazprom #GAS #EUdirective #pipeline #Nordstream2
#eudebates the unique initiative aiming to promote debate, dialogue, knowledge, participation and communication among citizens. #Gas #Energy #Michel #VonderLeyen #Putin #Russia
We have increased our preparedness and weakened Russia’s grip on our energy supply through demand reduction – which allowed our common storages to be at 82%.
Through diversification we have increased deliveries of LNG or pipeline gas from the US, Norway, Algeria, Azerbaijan, and others. For example Norway is now delivering more gas to the EU than Russia. And we are making massive investments in home-grown renewables through RePowerEU.
But we also see that the manipulation of the gas markets has a spillover effect on the electricity market.
We are confronted with astronomic electricity prices for households and companies and with enormous market volatility.
Therefore, we will put forward a set of immediate measures that will protect vulnerable consumers and businesses and help them adapt.
First, Smart Savings of Electricity. What has changed is global energy supply is scarce. This calls for smart reduction in demand. We need a strategy to flatten the peaks which drives the price of electricity.
We will propose a mandatory target for reducing electricity use at peak hours. And we will work closely with the Member States to achieve this.
Second, we will propose a cap on revenues of companies producing electricity with low costs.
Low carbon energy sources are making unexpected revenues, which do not reflect their production costs.
It is now time for consumers to benefit from the low costs of low carbon energy sources, like renewables.
So we will propose to re-channel these unexpected profits to support vulnerable people and companies to adapt.
Third, the same has to go for unexpected profits of fossil fuel companies.
Oil and gas companies have also made massive profits. We will therefore propose a solidarity contribution for fossil fuel companies.
Because all energy sources must help address this crisis.
And Member States should invest these revenues to support vulnerable households and invest in clean home-grown energy sources.
Fourth, energy utility companies must be supported to cope with the volatility of the markets.
They are currently being requested to provide unexpectedly large amounts of funds, which threatens their capacity to trade and the stability of the future markets.
Thus we will help to facilitate Liquidity Support by Member States for energy companies.
We will update our temporary framework to enable state guarantees to be delivered rapidly.
And fifth, we will propose a cap on Russian gas.
The objective here is very clear. We must cut Russia’s revenues
which Putin uses to finance this atrocious war against Ukraine.
And now our work is paying off!
At the beginning of the war, Russia’s pipeline gas was 40% of all imported gas. Today it is now down to only 9% of our gas imports.
These are tough times. But I am convinced that Europeans have the economic strength, the political will, and unity to keep the upper hand.
48 Comments
Please Ursula, we have brain in great condition. we can still think … i know, you do not like it…. you are the worst leader ever :)) EU is on the knees, thanks to your cooperation with US… but your business goes well… :))
Did EU not use swift as a weapon?
The eu wanted to be free from russian gas, why are they now crying?
the real enemy is united states.
They are attackimg germany and defeating them three times
Sometimes it's nice to say it, but thank you all for your hard work, especially at* this time.
👏🇪🇺 🏃
How sad to see the Europeans being led by a bunch of incompetent leaders all over the place at the same time. Wonder if it's by design.
Why’re they speaking English? Didn’t the UK leave?
1990: Iraq , iraq ,iraq :2000: terrorists, terrorists : 2010: Gaddafi , Gaddafi, 2015: China ,China ,China : 2022 : Russia,Russia , Russia ..How on earth do they come up with these scenarios and more important how does the world follow like dumb sheep
A price cap will never work. It's Economics 101: Supply and Demand. The US can't supply enough gas, we 🇺🇸 don't have the infrastructure.
😘
🇺🇸
Yankee dollar close to uter complete collapse. Ha ha…by by limey pound
Abomination
And what does the EU/NATO/US label the Sanctions as? I would say they are the true wielders of economic weapons
This women could not run a bloody bath ?? WHO SANCTIONED WHO?? Now Russia is using energy to blackmail Europe ?? Hahaha WHO SANCTIONED WHO??? I ask again ?? The blind leading the blind ?
Lies lies lies, Russia is stronger than ever. 15 billion sent to Ukraine from EU while EU countries are being told of power cuts Nd high energy bills. Stop believing this bullshit
Wow this takes dumb to a new level, you can't dictate what someone sells a product for, they will just won't sell you it. I tried this strategy only last week I walked into a Mercedes dealership and told them I was price capping there vehicles and was only willing to pay 10.000 dollars for a beutiful new s class , the salesman laughed in my face and said it doesn't work like that. 🤔🤭🤣🤫
PENNSYLVANIA IN THE USA IS ONE OF LARGEST SUPPLIERS AND PRODUCERS OF CLEAN BURNING NATURAL GAS IN THE WORLD.
This is like 1980s but in reverse.
Cracked a joke and laughed alone, hopefully the sanctions are fighting weapons for u guys and what did you expect from the Tigers laughter of course it's a bite,
WAT? Another insinuation. gas supply has been stopped due to sanctions against aggregates repairing. turn on NS2 and you will get gas you want, if uncle Sam allow you do so.
How stupid must someone be.
To try and impose sanctions and bully, someone who they DEPEND ON.
I mean Jesus. Did all that “green dream policy” remove also large amounts of common sense?
EU is full of hot air
EU declared war on Russia. Now they acting surprised. Reap what you saw. Back to Dark Ages.
Oh shut up. European union is dieing
How is Russia using energy as a weapon then it was Europe which started the mandates? The more they mandate the more they decided industrialize Europe. Their solution is poverty as in poverty there is success. They are mentally challenged.
This person must resign immediately. The EU knew full well what the US was up to. The EU knew full well that arming neo Nazis would provoke a Russian reaction at the cost of thousands of Ukrainian lives. To mask the disastrous energy policy and climate change hoax We have been led to the brink of a war with Russia.
Resign immediately.
Pig ignorant Aunty Ursula von der Crazie talking rubbish as usual.
The masses of Europe must organize and throw out their US puppet ruling elites..
The questions and answers should all be on English. Not everyone understands German.
Russia weaponizing energy? Do you think your viewers are idiots?
She is spinning disinformation .
The show goes on. The real goals are set by the WEF: destruction of economies in order to rebuild from the bottom upwards, total control, total misery.
Lies, damned lies and politics.
Soon we might have to pay a sunshine tax, a rain tax, an oxygen tax.
Time to look around for another planet to move to.
The time has arrived for the politicians themselves to be capped.
Just ask Andy. (i.e. Andy Cap, laughing all the way to the pub).
she is a witch…
THE POPULATION OF Europe dont Want Americans in Europe
US/EU/NATO sanctions on Russia good, Russia cuts of energy supply as countermeasures bad?
lies.
Will someone keep a camera on old Ursala this winter to watch her copping skills this year
"energy as weapon" is one of the most pathetic definitons in history
It really sucks when things are on the other foot
Sanctions have consequences
You europeans fight like a little girl, first you forbid your enemy to ever counter then you throw your minions at their direction to fight for you while you throwing rocks from afar, then when they finally hit back at your minion, and at you, you cry foul. What a continent full of beeeachesss. So weak.
Nobody believes this fake news crap!!!
Let sanctions backfire.. :). Sure the rich politicians are not affected by inflation.
Poor little Ursula, reduced to "his master´s voice"!!….enough bla….bla…..bla….and lies….Be honest once in life, if this is possible in politicians…
O God, Van Der Laying is crazy. No wonder she is called Van Der Crazy
ursula vander crazy is a clown puppet globalist. She is for the elite few and against the people of Europe.
LIAR!!!!!!
EU’s citizens better brace for a very very cold & long winter! They have no one to blame but the politicians they themselves voted in & Ursula the WEF Cheerleader!
Ursula von der Lying very much