“Theerachai” worried regarding the Russian gas war It will affect the European economy and spread throughout the world. Advise the government to prepare believe that the problem has dragged on for many years
On September 6, 2022, Mr. Teerachai Phuwanatnaranubarn Former Minister of Finance Join the conversation in the program “Khon Knock News” broadcast on satellite television channel “News One” on the topic “Russia’s invasion of gas war. This winter.. Europe is extremely cold!”
By Mr. Teerachai said at one point that Europe has long been addicted to Russian gas. It is the main factor that makes it able to compete with other countries. Products using gas raw materials It is the starting point for expanding the entire European industrial empire. This time it appears that the Russians are fighting back once morest the super sanctions. using gas as a weapon
Previously, Nord Stream pipes It is the main pipe sent to Germany, from the original 100 percent, and then gradually reduced for a period of time to 60 percent to 40 percent, repaired and repaired to 20 percent, meaning it can’t send gas below 20 percent. Because the transmission power will not be enough, this 20 percent is the lowest. Recently, Russia said that pipes must be closed for repairs. So now the gas in this pipe is at 0 percent.
There is also another gas pipeline from Russia to Europe, Yamal, which passes through Ukraine. Will Russia close another pipe? If it closes two pipes, it’s a big deal. Living in Europe is turbulent in terms of households and electricity generation, where the biggest problem is industry.
Mr. Teerachai said that each European country will have an old mine. He originally used the gas from the Russian pipeline to put it in the underground of the mine as a reserve. It is especially necessary because when it comes to winter, the consumption of gas to warm the house will skyrocket, so it cannot be relied on from pipes alone. Many countries have already started to reserve. But the problem is if there are only backups. But the bass is not enough it’s not enough
Europe is also struggling to flee Russian gas by replacing it with liquefied natural gas. But the main liquefied natural gas produced is in Qatar and the United States, all of which are produced with long-term contracts. The contract is ten years old. The most locked are Japan, Korea, China, Taiwan.
Now Europe takes it from America where it comes from oil production. regarded as a stray market Europe hopes to have enough until the winter, at least five months, but the uncertainty is high. Because if Asian economies turn around like China, gas demand will return to the same. There will be a price fight. The price will be more expensive.
Europe is now divided into two groups, rich and poor. Rich countries are willing to buy more expensive gas as a reserve. But the poor countries have a hard time getting through this winter.
Mr Thirachai also said that Europe now has a very high cost of war with Russia. problem is regarding to emerge There will be political turmoil. This is only the first year, next year it will not be solved. But people have to adjust. The most worrying thing is the impact on the European economy. and affecting the world I’m not sure if the Thai government has prepared or not.