CALGARY, ALBERTA (PRWEB) JULY 14, 2022
The Financial Post of July 09, 2022, reported that Canada will release a sanctioned, overhauled gas turbine to Germany, for use in Russia’s Nord Stream 1 gas pipeline, hopefully preventing a further collapse of Germany’s economy, says Friends of Science. Critics denounced the move as conflicting with Canada’s “Stand with Ukraine” policy. According to Canada’s international trade website: “Germany, with the largest economy in the EU and the fourth largest in the world … Germany is Canada’s largest export market in the EU…with two-way merchandise trade totaling $25.8 billion in 2021.”
Germany is heavily reliant on natural gas from Russia. DW reported on July 11, 2022, that Germany was preparing for possible total Russian gas cut-off which would mean economic collapse and social strife due to rationing of low gas reserves and a cold winter ahead.
EChemi reported in April 2022, Germany chemical giant BASF warned that it may have to shut down production: “there is no substitute for natural gas as a raw material or energy source (in Germany), and a shortage of natural gas will result in it not having enough energy for chemical production and lack of key raw materials for manufacturing products.” Many BASF products are familiar and important to the daily life of millions of people worldwide. About 39,000 people work at BASF’s Ludwigschafen chemical processing complex in Germany.
EU energy geopolitics expert Samuel Furfari explains in his July 12, 2022, Atlantico article, “Towards a gas cut: the moment of truth on our dependence on hydrocarbons has come,” oil and gas provide the ‘horse-power’ to make large scale food production possible, but they are also the source of fertilizer. Skyrocketing fertilizer costs and blocked wheat exports from Ukraine will create food shortages and famine.
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