Poland to Cut All Russian Oil Imports by Year's End; Germany Warns on Gas Supply

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Poland to Cut All Russian Oil Imports by Year's End; Germany Warns on Gas Supply
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Poland will take steps to cut Russian oil imports by the end of 2022, the prime minister said Wednesday, as Germany triggered an early warning level for natural gas supplies amid Russia's war in Ukraine.

Economy Minister Robert Habeck said the move was a precautionary measure as, so far, Russia is still fulfilling its contracts. But he appealed to companies and households in Germany to start reducing their gas consumption.

Habeck, who is also Germany's energy minister and vice-chancellor, said this was the first of three warning levels and entailed the establishment of a crisis team in his ministry that will step up monitoring of the gas supply situation. “On average we in Germany imported 55% of our gas from Russia in recent years, and this has now already gone down to 40%,” Habeck said. Berlin has signed deals with several supplies of liquefied natural gas, or LNG, which is shipped to neighboring European countries and then pumped to Germany.“The question how long the gas will last basically depends on several factors consumption and weather,” he said. “If there's a lot of heating, then the storage facilities will be emptied.

He added that Germany is prepared for a sudden stop in Russian gas supplies, but warned that this would have “considerable impacts” and urged consumers to play their part in preventing a shortage by scaling back demand.

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