we begin with the cost of energy and steps being taken across europe to prepare for winter. germany is keen to push forward in reducing its dependence on russian gas supplies as concerns continue over whether russia could completely shut down gas flows into europe. germany s chancellor olaf scholz is in canada and has just signed a deal to form hydrogen supply chains with canada. this is seen as a positive step forward but it does not offer an instant fix as it will take some time to get the right infrastructure in place. to talk us through what s at stake. i m joined by nathan piper, head of oil & gas research at investec. thanks gas research at investec. so much for being on th! programme. thanks so much for being on the programme. so, initially it sounds positive, it is the right step for germany to take but how long will it all take to get gas through this form? to get hydrogen to be any sort of significant replacement for natural gas is going to take decades stopping hyd
The EU has filled 95% of its gas storage for this winter, however, this amount is expected to run out by the summer of 2023 and new supply will be limited.
thanks so much for being on the programme. so, initially it sounds positive, it is the right step for germany to take but how long will it all take to get gas through this form? to get hydrogen to be any sort of significant replacement for natural gas is going to take decades stopping hydrogen as part of the move to net zero and part of the overall solution for our changing energy systems away from fossil fuels. certainly as we look into a winter gas crisis across europe it is no sort of solution. europe it is no sort of solution. , ., solution. so in terms of the problem solution. so in terms of the problem and solution. so in terms of the problem and the solution. so in terms of the problem and the worry - solution. so in terms of the | problem and the worry about what happens this autumn and winter, of course germany relies heavily on gas coming in from russia and many other european countries, what is the outlook was yellow the outlook is bleak. before russia s invasion of u