There are a lot of Heating Degree Days between now and then.
From OilPrice, August 23:
Europe will no longer need Russian gas in twenty-five years, German Chancellor Angela Merkel said at a meeting with Ukraine's president, Vladimir Zelenski.
"Europe will need to achieve climatic neutrality step by step by 2050," Merkel said, as quoted by TASS. "It means that in 25 year[s] no gas, or very small volumes of gas, will be supplied to Europe from Russia."
At the same time, the German Chancellor told her Ukrainian partner that Germany will make sure Russia continues shipping natural gas through Ukraine even after Nord Stream 2 enters into operation. In case Russia tries to use the pipeline as a weapon against other countries, Merkel said, Germany would propose EU sanctions against Moscow.
The Nord Stream 2 pipeline, which will double the capacity of the already existing gas pipe under the Baltic Sea to Germany, has become a major bone of contention in Europe, with the U.S. also joining the fray....
