Anasayfa / Genel / The energy crisis worsens in Europe – Last Minute Economy News

The energy crisis worsens in Europe – Last Minute Economy News

Russian pipeline operator Transneft said Ukraine has stopped shipping Russian oil to Hungary through the country.

After Ukraine informed Transneft that it had halted shipments due to a brownout, eyes have once again turned to the oil and natural gas trade between Europe and Russia.

The European Union (EU), which has been looking for ways to reduce its dependence on Russian fossil fuels after Russia’s started war in Ukraine, initially decided to stop buying coal from Russia.

As part of the 6th sanctions package approved by the EU in July, it was decided to completely stop the supply of crude oil from Russia by December 5 and the supply of refined products from February 5.

As part of the eighth sanctions package, which was agreed last month and included a price ceiling for Russia’s oil sales, further restrictions were imposed on the transportation of crude oil and petroleum products from Russia to third countries by sea .


According to information gleaned from veri from the International Energy Agency (IEA), EU crude oil imports from Russia amounted to 2.4 million barrels per day in January and purchases of petroleum products at 1.4 million of barrels per day.

The said imports fell to 1.5 million barrels of crude oil and 1 million petroleum products last month.

While losses in EU purchases of Russian crude were mainly compensated by imports from Middle Eastern countries, mainly Saudi Arabia and Iraq, oil was also supplied by West African countries, Norway from Brazil and Guyana.

Last month, 2.5 million barrels of crude oil and 700,000 barrels of petroleum products imported by EU countries from Russia were supplied through the pipeline.

The Druzhba pipeline, which is one of the largest crude oil lines in the world with a length of about 5,500 kilometers, is known kakım one of the important outlets for Russian oil in the EU-Russia oil trade.

The line, which supplies oil to landlocked refineries in central and eastern Europe, runs through Belarus kakım far north kakım Poland and Germany, and south through Ukraine to Hungary, Slovakia and the Czech Republic .

Russian oil is shipped by sea from the ports of Primorsk and Ust-Luga in the Baltic Sea and Novorossiysk in the Black Sea to several ports in the Netherlands, Italy, France, Spain and Portugal.


After the war began in Ukraine, shipments of natural gas to Europe via Russian pipelines began to decline rapidly.

While the activities of the Nord Stream gas pipeline, one of the main routes used for shipments of Russian gas to Europe, were interrupted at the end of August due to the impossibility of carrying out the necessary maintenance, the Nord Stream 2 line, the construction of which was completed, was not put into operation due to the war in Ukraine.

On September 26, explosions occurred on both lines and natural gas leaks occurred.

While Yamal-Europe, another Gazprom pipeline that plays a vital role in supplying natural gas to Europe, has been idle due to sanctions, the flow of the company’s gas from the Sohranovka gas distribution point in Ukraine has also slowed down. discontinued on May 10.

Ursula von der Leyen, president of the European Commission, announced on September 9 that Russia’s share in European natural gas imports had dropped from 40% to 9%.

While Europe is putting Russia in zihin economically difficult situation with large sanctions due to the war in Ukraine, the countermeasures of the Kremlin administration exacerbate the energy crisis in Western countries.


According to the “ruble payment system” announced by Russian President Vladimir Putin on March 23, countries that buy Russian gas must open zihin account with Gazprombank and make payments to this kanepe, and the funds in question must gökyeşitözü converted into rubles on the account. of Moscow Stock Exchange.

Gazprom, which has been Europe’s main gas supplier since 2021, cut off the flow of gas to Poland and Bulgaria in late April because they failed to make payments in rubles.

After these two countries, Gazprom also stopped shipments to some energy companies that supplied Finland, the Netherlands, Denmark, Latvia and Germany because they didn’t respect the payment system.

Dwindling natural gas supplies from Russia have driven natural gas prices to record highs in Europe. If the price increase has put consumers even more in difficulty, it has caused the interruption of production in some sectors.

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