Europe is not ready for a ban on gas supplies from Russia. This was announced on Thursday, May 5, by the head of the Austrian oil and gas company OMV Alfred Stern.
“I don’t think we are ready for an embargo today. Unless we’re willing to accept the consequences. Because one thing needs to be clearly understood: our gas supply is provided not by our own production in Europe, but by supplies from Russia. We have set up a gas task force to see how we can contribute to deliveries,” Stern was quoted as saying by the Kurier newspaper.
The head of the company noted that the cessation of supplies would mean large-scale consequences for industry and the economy.
“Households consume on average about 20% of gas per year, we need about 35% for energy production and about 40% for industry,” Stern concluded.
On April 29, it was reported that OMV does not expect to stop gas supplies from Russia. It was noted that in the event of short-term interruptions in the supply of Russian gas, gas from storage facilities could be used to supply consumers. It is also possible to consume blue fuel from the European liquefied natural gas market.
Press Secretary of the President of the Russian Federation Dmitry Peskov emphasized that Russia has always been and remains a reliable supplier of energy resources. The new terms of payment for gas in rubles are not blackmail, but a necessity, which was caused by the fact that a rather significant amount of Russian reserves was actually stolen from the country.
On March 23, Russian President Vladimir Putin announced that the country would switch to paying for gas supplies to unfriendly states in rubles. On March 31, a corresponding decree was signed. This decision was made against the backdrop of anti-Russian sanctions that foreign countries imposed after the start of Russia’s special operation to protect Donbass.