Germany Names Dates for Phase-Out of Russian Energy Sources
Russia’s attack on Ukraine is leading Germany to seek energy security and independence from imported Russian natural gas, oil and coal. Now the Ministry for Economic Affairs and Climate Action (BMWK) has published a rough timetable of when major shifts in German energy supplies could be achieved.
The ministry says it hopes to virtually independent from Russian oil and completely independent from Russian coal as energy sources by the end of 2022. It also says Germany could reduce its dependence on Russian natural gas to ten percent by summer 2024 thanks to “the massive expansion of renewables, concerted reduction of consumption, diversification and scaling-up hydrogen.” In the past, Germany has imported 55 percent of its natural gas from Russia. By the end of Q1 2022, that proportion was 40 percent.
In its “Energy Security Progress Report,” published on March 25, 2022, the BMWK listed the measures taken since the attack on Ukraine. They include purchases of natural gas and oil from other sources, international agreements to build a liquid natural gas (LNG) landing terminal in Brunsbüttel in northern Germany and options for three floating off-shore LNG terminals, and new legislation mandating minimum levels of gas reserves. The report also says that revisions to the Renewable Energy Sources Act are in the works to dramatically and immediately accelerate the expansion of renewables.
Meanwhile, amidst a series of summits in Brussels, United States President Joe Biden announced that his country would guarantee delivery of some 15 billion cubic liters of LNG to the EU. The US and the European Commission also said they would form a joint task force to “reduce Europe’s dependence on Russian fossil fuels.”