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Showing posts with the label Gas Shortages

“Winter is Coming” but without Russia’s help can Germany brave the cold ?

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 “The winter is coming” may have become an overplayed phrase from the fantasy series Game of Thrones. But, with the spectre of gas shortages looming on account of the Ukraine-Russia war, Europe, particularly Germany should be bracing for  real-life difficulties, especially when a harsh winter is closing in.  A host of factors have contributed to a grim energy situation, used for heating , transportation and electricity in Europe. When the rest of Europe was reeling under energy related pressure, Germany was relatively well positioned because of established and uninterrupted channels of energy imports from Russia as well as the size of its economy which allowed it to sustain large energy imports unlike other European economies. However, rapidly changing metrics of global security, the lingering impact of the pandemic leading to disrupted supplies, a pent-up demand, climate policies of countries to shift away from traditional sources of energy and above all, the Russia-Ukraine war have a