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Home Business

Russia to cut Europe’s natural gas flow

CNBC Television by CNBC Television
August 1, 2022
in Business
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Russia to cut Europe’s natural gas flow
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CNBC’s Brian Sullivan joins ‘The Exchange’ to report on Russia cutting European gas flow via Nord Stream to 20% as a result of what Russia says is a turbine issue. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

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Comments 24

  1. Rædwald Saxe-Coburg says:
    3 years ago

    In 1841, German physician and physicist Julius von Mayer coined what was to become known as a first law of thermodynamics: “Energy can be neither created nor destroyed,” he wrote. It can, however, be converted from one kind to another — by solar panels that turn sunlight to electricity, or in the transformation of natural gas molecules to the heat that cooks our dinner and heats our homes.

    “Magnetism is a force, but it has no energy of its own,” says David Cohen-Tanugi, vice president of the MIT Energy Club and a John S. Hennessy Fellow in MIT’s Materials Science and Engineering department. Still, he adds, “magnetism is extremely useful for converting energy from one form to another. About 99% of the power generated from fossil fuels, nuclear and hydroelectric energy, and wind comes from systems that use magnetism in the conversion process.”

    Every energy generation technology — with the exception of photovoltaics — relies on spinning turbines that put electrons in motion and push them through circuits and generators. “As these charged particles move past magnets inside the turbines, they create a field around them that affects other charged particles,” says Cohen-Tanugi. “This is the magnetic force that converts the energy of wind and coal and nuclear fuel to the electricity that’s sent out into the power grid.”

    Much of that grid is managed by using principles of magnetism, as well. “The transformer stations you see along the highway or in industrial areas are responsible for converting high voltage electricity to a usable 110 volts,” says Cohen-Tanugi. High voltage lines deliver power from the power plant to the transformer stations, and as electrons move through the transformer’s large coils, they give rise to magnetic fields that change the electricity’s frequency to a voltage safe for powering our toasters, bedside lamps, and hair dryers.

    Generators and motors in everything from hybrid cars to computer hard drives employ magnets, and researchers are currently investigating the potential of rare earth magnets, exceptionally strong permanent magnets composed of alloys of rare earth elements. Already used in state-of-the-art motors and generators and other energy-sector applications, they represent the next generation in magnetism’s role in energy production.

  2. Articles Box says:
    3 years ago

    WW3 is coming!

  3. Borj Red TV says:
    3 years ago

    Russia has no back up of turbine lol haha

  4. Amanda Botha says:
    3 years ago

    Russia’s decision to attack these ports hours after the grain agreement was the latest example of the Russian Federation’s complete disregard for rules and regulations.

    When the initial invasion of Ukraine began in 2014, the international community worked quickly to try and resolve the conflict.

    Known as the Minsk Protocols, the Organization for Security and Cooperation in Europe (OSCE) met with Russia and Ukraine to discuss the war in the Donbas. The agreements listed a series of provisions spanning from a ceasefire and troop withdrawal in eastern Ukraine to reinstating Ukrainian control over its borders and enabling the distribution of humanitarian assistance in the region.

    Despite signing the document, the Russians constantly violated the ceasefire, and they refused to withdraw from eastern Ukraine.

    Russia has also prevented the OSCE and humanitarian organizations from entering the occupied portions of eastern Ukraine. Given the difficulty of enforcing the Minsk Agreements, France and Germany proposed a new format. Known as the Normandy Summit, these discussions aimed to peacefully resolve the Donbas conflict. These negotiations, however, were eventually stalled.

    While the French and Germans continued to debate with the Ukrainians on how to resolve the crisis, the Russians resumed their policy of violating international norms in eastern Ukraine. Eventually, Russian President Vladimir Putin decided that the Minsk and Normandy formats were “no longer useful” to his cause, and he launched the second invasion of Ukraine.

    If there are any lessons learned from the failed Minsk and Normandy formats over the past eight years, it is that Russia cannot be trusted.

    As the international community continues to aid Ukraine during its time of need, it must continue to pressure the Russian Federation. Future agreements must outline provisions that are measurable and achievable. These deals must also be fully implemented. Otherwise, should they contain any ambiguity, Russia will continue to violate these agreements.

    Everything possible

    As a result, the international community should do everything possible to help Ukraine in its time of need. First, the globe should continue to send financial, humanitarian, medical, and defence aid to Ukraine. Providing these forms of assistance will help Ukraine win the war. Giving Ukraine the weapons it needs will allow the Ukrainians to force the Russians out of the country. Meanwhile, supplying Ukraine with the financial, humanitarian, and medical assistance it needs will allow it to rebuild itself.

    Second, the international community should continue to impose sanctions on Russia. Russian government officials should be prevented from traveling to their lavish Western homes, and their global assets should be seized. In addition, their international visas should be cancelled. If Russian government officials are unwilling to end the unnecessary war in Ukraine, then they should be punished.

    Finally, the international community should introduce stiffer sanctions on Russian businesses. To date, some Russian banks have been removed from SWIFT, and thousands of Western companies have terminated their operations in Russia. Removing more Russian banks from SWIFT would hurt the Russian economy. Pursuing these options would see Russia’s GDP decline by 10 per cent. This, in turn, would limit the Russian finances to fund the war.

    Overall, Russia’s actions in Ukraine suggest that it is unwilling to observe the various agreements and deals drafted to protect citizens impacted by the war. The Russian Federation has continuously violated the provisions outlined in these agreements, and it is unwilling to change its behavior. Therefore, the international community must implement stiffer penalties on Russia. If the Russian Federation is reluctant to cooperate with these deals, then perhaps it will learn to respect these rules and regulations by force.

    ______________________________________

    Unlike many news and information platforms, Emerging Europe is free to read, and always will be. There is no paywall here. We are independent, not affiliated with nor representing any political party or business organization. We want the very best for emerging Europe, nothing more, nothing less. Your support will help us continue to spread the word about this amazing region.

  5. Internet is interesting says:
    3 years ago

    Russia is a stable supplier, EU (Germany) choose to cut imports of russian oil by USA pressure, if europe does not want to buy gas they will sell it to anothers customers. The USA gov is pushing europe to not to buy russian gas and buy american, THAT is taking advantage. Also EU and Canada are blocking russian gas pump turbines, now russia is asking to europe to pay the debts and return the turbines.

  6. pkasb90 says:
    3 years ago

    Turbine parts come from EU. Russia is under EU sanction.

  7. Young Pastor says:
    3 years ago

    🥥

  8. s rathwa says:
    3 years ago

    Winter is coming 😎

  9. s rathwa says:
    3 years ago

    Just to satisfy America's ego, whole Europe destroyed 🤣 winter is coming guys

  10. s rathwa says:
    3 years ago

    EU destroyed just by gas winter is coming baby 🍼
    America – sorry folks

  11. s rathwa says:
    3 years ago

    America to middle East
    We want oil
    America to EU
    We want control over russia
    Conclusion – " USA's problem is world problem but your problem isn't USA's problem"
    🤣

  12. David Noland says:
    3 years ago

    < first got into BTC back in 2016 and have been hodling/buying sats at different price points since. I've been through corrections before and will likely experience more over the future. Volatility is simply the price one needs to pay if they want to play. I don't have any Alts as I'm a bit of a BTC Maxi, but that said, if BTC hasn't died before, it surely won't do so now. Stick in there – yes we are all feeling the pain, but over the long run this will just be a blip. This is how I see past corrections when I felt that I got in at a high (back then I think it was less than $1000 and bouncing all over the place!). Now when I look back, all I see is regret for not having the courage in buying more at those times. But if you believe BTC has value, then by all means, buy the dips if you can afford to. For those who got in at 60 or 70K and feeling the crunch: hang in there. BTC is not a get rich quick scheme. Wait it out and you will see: you will come away stronger. I buy and just trade long term more than ever, I have made over 11` btc with 3.1btc in just 5weeks from day trading with Expert MR. Barton L William Crypto in few weeks this is one of the best medium to backup your assets incase it goes bearish. Technical analysis is my second You can reach MR William on ͲeIєɠɾαm @ Bartonsignal. Cheers thank me later.

  13. Rizmee says:
    3 years ago

    I'm from Russia. and, to be honest, there was such a
    panic in February… everyone was scared…. but since
    April, everything has remained the same. prices
    gradually began to fall.
    and we felt that Putin was preparing… he wasn't just
    sitting idly by… he created an umbrella for us.
    thus, Putin's rating in Russia is 85+

  14. nureden mohamed says:
    3 years ago

    BAD NEW for EUROPE cause of panianic politics problem 🙄 😒 😕 😑 😐 🤔 🙄.

  15. Hoodoo Texas says:
    3 years ago

    Big deal. Germany deserves this. It is essentially war.

  16. Hoodoo Texas says:
    3 years ago

    The more damage Russia does to the West now will ensure that Russia is damaged far worse in the future. Western Europe has a long memory.

  17. steven Hill says:
    3 years ago

    Start a Allied Control Commission Board to coordinate friendly countries shipments of gas to Europe / EU. Just like during World War Two.

    Other wise Europe will become a Russian annex state. Trump was right. Have some guts Europe!!! Stop being scared.🙀🦈

  18. steven Hill says:
    3 years ago

    Where are the Romanians in this energy 🖼️ picture!!!???☀️

  19. bob tan says:
    3 years ago

    why EU is such a crybaby? 🤣

  20. Htaukkyan Myo says:
    3 years ago

    It's karma. Sanction Russia and get boomeranged. In the meantime, Nord Stream II sits idle. What a bunch of clowns running EU.

  21. Titus P says:
    3 years ago

    why are people shocked .. when US/EU weaponized the monetary system … and trying to cap oil prices why would Russians stand by? Why would they not weaponize oil? Not that the invasion is right ….but neither is NATO encroachment. Takes two to tango? WWIII unless we can find a way to peace.

  22. Donald MJ Bart-Williams says:
    3 years ago

    We are using sanctions as a weapon against Russia, and they are using gas as a weapon against us. What exactly are we complaining about? #gas #sanctions #UkraineRussiaWar It is incredible that Europe's biggest economy (Germany)is taking its instructions from the US.

  23. AllAboutYouTubers13 says:
    3 years ago

    No excuses not to use wind and sun and nuclear power

  24. Roy Wirasentosa says:
    3 years ago

    GOOD NEWS….FOR THOSE ARROGANT PEOPLE OF EU

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