The Nord Stream 2 runs through the Baltic Sea from the St Petersburg region (Russia) to Baltic Coast in north-east Germany. It can transport 55 billion cubic metres of gas per year from Russia to Germany, enough to power 26 million homes for a year. Europe's total consumption of Russian gas per year is approximately 200 billion cubic metres per year, which...
..if electricity prices are not coming down quickly. Reminder: In August the EU is banning russian coal imports, at the end of the year the country's last nuclear plants shut down.
Last post (for today) in the context of my sporadic coverage of the european energy debacle. The chart displays the German baseload future for electricity deliverable in February and the development is absolutely insane. What in the what is the market pricing in here?? A russian invasion? Omicron related shutdowns of the entire energy sector? Anyways. I hope folks...
