Russia Is Squeezing Europe's Gas Supplies, Sparking a Return to Coal — the World's Least Liked Commodity
the government's decision to limit the use of natural gas and burn more coal as a"bitter" one but said the country must do everything it can to store as much gas as possible ahead of winter.
"Hard coal and lignite, which is the dirtiest form of coal, but Germany has a fair bit of that, and they will probably try and maximize that to avoid a winter gas shortage," Gloystein told CNBC's"Squawk Box Europe" on Tuesday.The Netherlands has removed a production cap at coal-fired plants to preserve gas.
"The next step would be to ration industries and households and ask them to consume much less and that is something in Europe that most people have never experienced," he continued."That in winter means people will get cold and, in some areas, if it is a cold winter, some people will die and that's politically really toxic and of course, it is a nasty situation to be in."
Kremlin spokesperson Dmitry Peskov said Monday that Russia had gas ready to supply to Europe, but that its equipment should be sent back first. He described the recent dispute as a"man-made crisis" created by Europe. "At the same time, the EU and numerous EU countries have responded to the crisis by speeding up the deployment of clean energy, which means that we will reduce fossil fuel construction much faster over the next years than expected before the crisis."
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