And the German government wants to end the sales ban for gas boilers. 55% of German gas consumption is used to heat buildings. So this is a key part of reducing consumption. Another case of a conservative government hurting Germany badly.
I'm laughing because I went with Habeck's advice and installed a simple heat exchanger in my house that is hooked up to a centralized community heating system that runs on sustainable heat sources. Because Habeck, imperfect as he may have been, had a realistic view on things that was rooted in scientific data.
Fuck the CDU and fuck the SPD, fucking class-traitor scumbags.
While Qatar doesn't provide a huge proportion of European gas, it's not insignificant either. A disruption in the supply of Qatari gas could very easily cause prices to go up by a lot.
Edit: It's almost as if we should do everything in our power to rid ourselves of the dependency on fossil fuels.
Also not the 13.1% Russian share. This is the last year Russian LNG imports are allowed and imports using short term contracts are banned in two months.
At full capacity (10GW), the island is expected to produce around 1 million tonnes of green hydrogen, corresponding to roughly 7% of Europe's expected hydrogen demand
10GW = 87.6 TWh / year (even assuming 100% efficiency of the P2G process). That's 10% of Germanys gas consumption of last year (864TWh). The EU consumes something like 5000TWh per year.
So while this might be a cool project and a much needed one, it's not nearly enough to replace our gas imports. We should really stop using gas to heat our homes and use the miniscule amount of green gas we can produce for the processes that really require it.
In other news: Our (German) government wants to go back to gas heating and combustion engines, hoping to find some e-fuels in the attic.
It's not just about where european countries buy, there's a global market, it's about who bought gas from Qatar and where they will buy their gas now. AFAIK Qatar exports a lot to asian countries, if they can't get gas from Qatar anymore they're going to buy from other countries, for example from the USA. That's going to raise the price for US fracking gas and will affect Europe.
Too many innocent people will be affected by this so I can't say "leopards eating face" without reservations, but still, those leopards will be eating good tonight.
Y'know, usually the markets price things in well before they happened, but there was a whole lot of hopium this time that somehow a large-scale Middle Eastern war would not effect fossil fuel production and shipping.
Edit: I don't like that everyone's upvoting this. Less regulation is usually better, and family is important. There you go, de-pandered.
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