Ukraine and European Energy Security

Atlantic Council:  "In a worst-case scenario, an ongoing crisis could leave Europe at particular risk for an energy shock next winter, when energy demand is the highest. With global LNG exports near maximum capacity and little ability to increase energy production over the short term, what can be done now to mitigate this risk?

  • Ensure maximal gas storage over the summer of 2022: 
    • The upcoming summer provides an opportunity to fill storage in advance of increased energy demand next winter. The European union should, by consensus or regulation, assure all available storage is filled by summer to insulate Europe against gas supply disruption next winter.
  • Delay—or better yet, cancel—the closure of Germany’s three remaining nuclear power plants:
    • Germany’s closure of three nuclear power plants at the end of 2021 could not have come at a worse time. While nuclear power is controversial in Germany because of popular concerns about nuclear safety and waste, it is domestically produced, zero-carbon energy. Replacing this power will either come from Russian gas or coal.
  • Delay—or better yet, cancel—the closure of two nuclear power plants in Belgium:
    • Belgium should refrain from shutting down the two nuclear reactors that are slated for premature decommissioning this year and next year (Doel 3 and Tihange 2), which would create additional demand for gas.

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