Europe experiences pipeline leak as continent looks to address fuel crisis
ANOTHER PIPELINE LEAK FROM RUSSIA TO EUROPE.
THIS TIME…THE LEAK HAPPENED IN POLAND…
AND THIS TIME…LESS CONTROVERSIAL…BUT STILL A SLOWDOWN EUROPE IS DESPERATE TO AVOID.
TODAY’S REPORTED LEAK IN ONE OF THE WORLD’S LARGEST PIPELINES HAS SLOWED OIL PRODUCTION TO GERMANY.
GOOD NEWS IS IT LOOKS TO BE TEMPORARY AS THE LEAK WAS CAUGHT QUICKLY AND THE CAUSE IS BEING REPORTED AS ACCIDENTAL.
“All the services are on the spot including firemen and security services and we are analyzing the causes right now.”
Reporter asks off camera: “Do you have an initial reaction – whether it could be sabotage?”
“Nothing to say more at the moment. Thank you.”
THIS IS IN CONTRAST TO THE LEAKS REPORTED FROM NORD STREAM ONE AND TWO LAST MONTH.
THE CAUSE OF THOSE REMAIN A MYSTERY.
IT’S AGREED ON ALL SIDES IT WAS AN ACT OF SABOTAGE.
BUT “WHO SABOTAGED WHO” REMAINS UNCLEAR.
TODAY’S LEAK IS A DROP IN THE BUCKET COMPARED TO THE BIG PICTURE.
THE ENERGY SECTOR HAS ALREADY BEEN LARGELY COMPROMISED IN EUROPE.
RUSSIA’S NORD STREAM ONE AND TWO PIPELINES WERE ANTICIPATED TO BE MAIN SOURCES OF GAS PRIOR TO THE UKRAINE WAR.
UNDER RUSSIAN CONTROL…THE PIPELINES AREN’T GOING TO GIVE A DRIP TO COUNTRIES WHO HAVE LARGELY SIDED AGAINST THEM.
HENCE THE HAVOC IN THE ENERGY SECTOR.
LEADERS IN EUROPE ARE MEETING TODAY TO DISCUSS WHAT TO DO AS WINTER LOOMS AND PEOPLE ARE DESPERATE TO AFFORD HEAT FOR THEIR HOMES.
“We will incentivize the demand reduction, then we will insure the solidarity between member states. We will also intervene on gas prices and we will facilitate the joint purchase of gas. And all these four streams together they will reinforce each other.”