a few weeks ago gas tanks European Union over 80%The target that Community officials and Twenty-Seven originally set for November in their contingency plan to strengthen reserves in the face of greater-than-possible interruptions in supply from Russia. Deliveries to Germany via Nord Stream 1, which circulates under the Baltic Sea, are at zero and currently supply via Ukraine. State-owned and controlled by the Putin government, giant Gazprom announced last Monday that it had shipped 42.4 million cubic meters. There is 210 days of war. No one knows when the faucet will be turned off.. While harsh temperatures in winter are a concern, gas demand for electricity generation is increasing rapidly due to the brake on renewables due to drought. One of the regasification plants in Spain and Galicia, which has two combined cycles, are joining the energy storage and purchasing fever from Russia.
The fossil fuels and lubricants bill of Galician companies amounted to 3.056 million. According to data released yesterday by the Minister of Commerce, it is 135% more between January and July than in the same period last year. Spending is skyrocketing due to the increase in import volume (37%) and above all the very strong rise in prices. Among the items, crude oil oils (2,197 million euros), petroleum oils (447 million) and gas (183 million) stood out, with increases of 126%, 107% and 722%, respectively. Temporary commissioning of As Pontes thermal power plant, mixture electricity is causing coal to reappear on society’s fuel buying list: 42.3 million euros, twenty times 2021 levels.
In a clear attempt to secure supply and get the best possible price, Galician companies are diversifying their import markets as much as possible. By July they are buying fossil fuels in a hundred countries, compared to thirty in the previous year. The balance with the USA reaches 1,058 million euros and represents more than a third of all operations. It is followed by Mexico with 13.3% (406 million) and Libya with 9.5% (291 million).
The fourth best-selling country to Galicia is Russia: 190m euros, double that in the first seven months of 2021 and the highest amount since 2012. 121m euros was allocated to gas purchases and another 68.4m euros to petroleum oils. The occupation of Ukraine and the first sanctions from Brussels brought the commercial traffic of Galicia to a standstill with Putin’s execution, but in July, when included in the balance of the foreign market, the fuel flow alone was around 152 million euros.
However, there are more items in the cart at the moment. Galicia imported around 12.4 million euros of fish and crustaceans from Russia this year; 5.1 million waste from the food industry; 32.6 million subscriptions; and about 2.2 million in wood and production.
Despite the large increase in the cost of imports due to energy, the community still maintains a trade surplus of about 1,700 million euros as exports also increased strongly (29.4%). Sales of Galician companies abroad are at a record high amid the inflationary hurricane and economic uncertainty: €16,919 million. Textile confirms its good line with 52% increase in knitwear and 67% increase in others; increases fisheries exports by 26%; It falls by 7.8% from that of the automotive industry due to the lack of chips.