“The rest must be compensated in the very short term by a reduction in consumption, especially in the industrial sectors,” estimates Jean-Pierre Clamadieu.
Europeans are under pressure to impose an embargo on Russian gas, following the Russian army’s massacre in Boutcha, northern Ukraine. There is also the question of the potential impact of this measure on the EU economy. †What European leaders are being told is that if Russian gas imports stopped, we could probably replace about half of them.“said Jean-Pierre Clamadieu, chairman of the board of directors of Engie, interviewed on Thursday, April 7 on Radio Classique. Before the war, the European Union imported 40% of its gas from Russia.
Read alsoCould Europe really do without Russian gas?
†But the rest must be compensated in the very short term by a reduction in consumption, especially in the industrial sectors.“Said the leader of the French natural gas giant. “Most of the efforts and adaptations will be made in the industrial sectorhe repeated, pointing out that the latter accounted for 25% of gas consumption.
ALSO SEE – War in Ukraine: Germany finds it impossible to cut off Russian gas supply “for now”
“Very significant” impact on the European economy
So in such a scenario, Jean-Pierre Clamadieu expects an impact “very importantabout the European economy,not in the coming months but next winter†There will be no immediate impact. We arrive in the summer season in terms of gas, that is, the season when we receive more gas than we consume and therefore we store it“, he explained. Today, “the whole challenge is to replenish our storage to get through next winter with as little impact as possiblehe specified.
Read alsoLithuania, the first European country to go without Russian gas
For now, the hypothesis of an EU embargo on Russian gas”is not yet (…) on the table† Italian Prime Minister Mario Draghi said on Wednesday:† In contrast, the European Commission has proposed to ban Russian coal from the EU. †I think measures will be on oil and even gas sooner or later need †threatened European Council President Charles Michel on Wednesday, while Germany, which is particularly dependent on Russian gas, said: can’t live without these deliveries †short-termA new salvo of European sanctions, the fifth, is expected in the coming hours.
ALSO SEE Hungary willing to pay Russian gas in rubles, Viktor Orban . assures