Austria plans to replace gas with … oil. Another “victory” of green hypocrisy
Austria's energy minister said it intends to order industry and utilities to stop using natural gas, in an effort to accumulate more natural gas to avoid damage from the Russian cut in supplies, as reported Tuesday. Reuters .
Austria will encourage industry and utilities to use alternative fuels such as crude oil, said Austrian Energy Minister Leonore Gewessler.
Austria receives 80% of its natural gas from Russia. Although electricity is mainly generated from hydroelectricity, the industrial sector and utilities use a significant amount of natural gas. Natural gas is commonly used for district heating.
“Power plants and industrial companies will be instructed to upgrade their systems for dual operation to the extent that this is technically and economically feasible. This means that the plants will be able to run on both natural gas and other energy sources – in most cases it will be crude oil, ”said Gewessler at a press conference.
The government is working on a draft of the directives it will provide to industry and utilities, but will need to be approved by the main committee of the Lower House of Parliament.
The announcement comes as Austria faces a slowdown in the amount of natural gas destined for storage.
Russian President Vladimir Putin said in late May that Russia will continue to honor its commitments to supply natural gas to Austria. Austria's OMV opened a ruble account with Gazprombank to pay for Russian gas imports, but gas supplies fell by 50% in June after Gazprom said it would reduce the amount of gas it supplies.
On Tuesday, Austria OMV said its gas imports from Russia are back to 60% of contract volumes. Little, but enough to survive.
Of course, the transition from natural gas to oil is yet another "Victory" of the Green ideology of which Austria is the greatest supporter, so much so that it wants to take action at the European court AGAINST the inclusion of gas and nuclear power in the so-called "Taxonomy" of green investments. Yet another case of green hypocrisy, where a source is fought to impose an even worse one.
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The article Austria plans to replace gas with… oil. Another "Victory" of green hypocrisy comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/laustria-pensa-di-sostiuire-il-gas-con-il-petrolio-altra-vittoria-dellipocrisia-verde/ on Wed, 06 Jul 2022 11:30:59 +0000.