The rise in gas prices to record levels in Europe raises fears of citizens and a difficult challenge for governments

Brussels: Europe and Arabs

European capitals are witnessing a great debate about how to deal with the energy crisis expected during the coming winter due to the repercussions of the war in Ukraine and the prevention of energy supplies that the European Union countries depended on and come from Russia through Ukrainian territory. Several parliaments in the united bloc countries witnessed important discussions about this file and the controversy began It is escalating between government and opposition parties about how to deal with the matter. In Brussels, the European Commission called on member states to reduce consumption of energy sources by 15 percent, and gave countries space as freedom to take measures that ensure reducing the effects of the shortage of energy supplies. In Brussels, Prime Minister Alexandre Decroux said that He will call the government advisory council for a meeting about the rise in energy prices, which has become a major concern for citizens not only in Belgium but in other countries, especially after the head of the Belgian "For Out" party spoke, saying that the only goal of his party is to keep energy prices low and he wants to know what steps are being taken. In the midst of the current energy crisis, it is important to "keep all options open," Koner Russo added. In this regard, according to local media, experts say that keeping the reactors open for a longer period is not possible, which are plants that were relied upon to generate power, and this came after the Belgian nuclear power plant employees requested in an open letter also to keep the Doel 3 and Tihange 2 reactors, open for a longer period. They were supposed to close their doors permanently at the end of September and the beginning of February, respectively. In general, according to observers, Europe is preparing to face a harsh winter due to the huge rise in energy prices due to tensions with Russia since the start of the war in Ukraine six months ago. Gas prices on European stock exchanges rose again to reach record levels at the time of the Russian Gas Company's announcement of a temporary halt to the work of the Northern Stream 1 for a short period, and therefore the old continent is preparing for a harsh and difficult winter due to the energy crisis. The Spanish newspaper “Copi” indicated that, according to the available data, the settlement price of gas futures contracts for delivery in September (according to the TTF) reached 3507.3 US dollars on the last trading day of the week, a record value for the entire period of operation of gas complexes in Europe since 1996. This indicator rose during the week by about $1,000, or nearly 40%. The newspaper pointed out that the reason for the rise in gas prices is due to the possibility of continuing the supply of Russian gas to Europe, after Gazpron announced that it would stop the work of North Stream 1 for a period of three days due to maintenance. Faced with the risks of gas shortages and power outages, governments are seeking to save energy with measures ranging from reducing heating to closing swimming pools or suspending some factories. Moscow. Wholesale electricity prices for 2023, Friday, broke records in Germany and France, reaching 995 and more than 1,100 euros per megawatt-hour (similar amounts in dollars) respectively. A year ago, rates were around 85 euros per megawatt-hour. Since the start of the war, Russia has reduced or suspended gas deliveries to dozens of European countries, in a strategy the West views as retaliation for Western sanctions against Moscow. To avoid a major crisis, the 27 European Union countries have committed to reducing their gas consumption by at least 15% between August 1, 2022 and March 31, 2023, at the end of the northern winter. The decline in deliveries has led to higher gas prices, and thus electricity prices, given that historically 20% of European electricity is generated in gas-fired thermal power plants

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