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ENERGY

Sweden issues ‘early warning’ on Russian gas supply

The Swedish Energy Agency on Tuesday declared a first level "early warning" over fears that gas supplies may be impacted due to reductions in energy imports from Russia following the war in Ukraine.

Sweden issues 'early warning' on Russian gas supply
The headquarters of Russian gas monopoly Gazprom in St. Petersburg, Russia. Photo: AP Photo/Dmitri Lovetsky/TT

The announcement, which concerned western Sweden, follows a similar declaration by Denmark on Monday evening.

“Sweden and Denmark have a common gas market and a joint balancing zone where the Danish supply situation is of great importance for the Swedish one,” the agency said in a statement.

“Therefore the Energy Agency in Sweden has decided to mirror Denmark’s decision on a crisis level,” it added. The European Union has established a system to allow member states to flag up impending energy supply difficulties using three ascending levels of alerts — beginning with “early warning”, followed by “alert”, then “emergency”.

The system allows for mutual assistance from other EU countries, but could also mean a start to rationing supplies.

Sweden’s Energy Agency meanwhile noted that “the supply situation of gas in Sweden is still robust,” and that stockpiles in Sweden, Denmark and Europe are “well stocked ahead of the autumn.”

Danish energy company Ørsted announced at the end of May that delivery of Russian gas to the Scandinavian country would be suspended from June 1st, after
Ørsted refused to settle the payment in rubles.

On Monday, the Netherlands announced it will lift restrictions on coal-fired power generation, a day after Germany and Austria took similar steps to alleviate their reliance on Russian gas supplies.

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ENERGY

Sweden’s Vattenfall halts offshore wind power project

Swedish state-owned utility Vattenfall said on Monday that it was putting a major offshore wind power project on hold, citing "unviable investment prerequisites" in the country.

Sweden's Vattenfall halts offshore wind power project

Planned for construction off Sweden’s southwest coast, the Swedish Kriegers Flak wind power project was planned to start producing electricity in 2028 and and generate 2.7 terrawatthours (TWh) per year — equivalent to the yearly consumption of around 500,000 households, according to Vattenfall.

The project borders already existing wind farms on the Danish and German sides of the Kriegers Flak reef, Vattenfall said.

In a statement, Vattenfall described it as Sweden’s “most mature offshore wind power project,” but said “investment prerequisites for offshore wind in Sweden are currently not viable.”

“Vattenfall has therefore decided to pause all further development of the project,” the company said in a statement.

The utility said if conditions were to improve “the project can be resumed,” adding that it had previously said that “one of the main prerequisites for investing in the project is a reasonable connection point to the national grid offshore.”

Vattenfall noted that it was currently developing “offshore wind projects in Sweden that together have the potential to annually deliver 18 TWh” by 2035.

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