The fallout from Russia's war in Ukraine has pushed gas prices in Europe to new records. Future contracts trading in Amsterdam saw sharp increases when Russia invaded Ukraine in February and more hikes when it reduced deliveries to Europe. Last year, Russian imports accounted for more than half of gas deliveries to Germany.. with almost a third of gas demand coming from the industry and just over 40 percent from households.
Political leaders in Berlin say they are doing all they can to replace Russian gas with renewable energies. But that will take time. Last year, Russian gas deliveries accounted for almost 500 million Gigawatt hours of energy - so far this year only 3-and-a-half thousand gigawatt hours were added in solar, and only one-and-a-half thousand in wind energy.
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