Russian energy giant Gazprom has shut off gas supplies to both Bulgaria and Poland’s state-owned gas companies after the two countries refused to pay in roubles.
The European Union has accused Russia of trying to “blackmail” the bloc with gas, accusation which Russia has denied.
Via Paule Deane, UCC:
The impact of a long term interruption of Russian gas into Europe was studied in detail by our group in UCC. We used a computer model of the EU energy system to understand what would happen in each country if gas from Russia was not available.
Our research showed that, while gas would still flow across Europe, any interruption in supply would lead to higher electricity prices, It would also mean higher climate emissions as gas would need to travel further to reach the demand centres and older coal power stations would be used more to pick up the slack for less gas.
Europe has significant potential to import liquefied natural gas (LNG) via ships into places like the UK, Spain and France and this availability significantly helps to mitigate against interruptions in supply. Ireland does not have LNG capacity, but benefits from the UK resources which are diverse and secure.
Over a period of three to six months, the EU is likely to be able to survive a disruption to Russian gas imports. However, the picture becomes complicated when longer interruption is considered. Running the European economy for several years without Russian gas would be remarkably challenging….