(Belgian Composite Electric) analysts pointed out that if the European Union implemented import ban on Russia's oil, it may reduce Russia's oil output by 10%by the end of the year and double the supply of Russia due to invasion of Ukraine.
Data Intelligence Company KPLER analyst Katona said: "We expect the downward risks of Russian oil and refined petroleum products to reduce about 1 million barrels a day at the level in April."
Russian oil production has been reduced by 1 million barrels since February
Since February, Western sanctions have led to a decrease of Russian oil by about 1 million barrels.
Representatives of 27 member states of the European Union will meet on Wednesday to discuss the sixth round of sanctions against Russia submitted by the European Commission on Wednesday.
According to the content of the draft, the European Union plans to gradually stop importing oil from Russia within six months, and stop imported refined oil products by the end of this year.The European Union's proposal also includes all services related to oil transportation related to Russia, including financing, intermediaries, technical assistance and financing assistance.
KPler estimate that if these measures are implemented, the European Union may stop buying about 1.5 million barrels of Russian oil every day.However, some analysts believe that because the EU's oil embargo is not immediately implemented, this gives Russia enough time to adapt.Malu, the chief analyst of the energy intelligence supplier Vortexa, said: "Russian sellers will have enough time to find new buyers."
In addition, in order to reduce the dependence of oil and gas on Russia, European countries must also achieve the goal of reducing the climate reduction, which has made many European countries start to re -ignition nuclear power interest.Originally planned to turn off the nuclear power plant in 2025, it is now decided to extend the plan.
Experts point out that nuclear energy can be regarded as appropriate measures, allowing European countries to increase investment in renewable energy and improve storage technology.
Energy Policy expert at the Institute of Energy of the University of London, Spatarur said that it is a expensive and long process to completely replace oil and gas."In the past few years, the oil and gas industry has always enjoyed subsidies. For this reason, if (renewable energy) storage technology also enjoy subsidies, there will be different results in 20 years."
Johnson Kishida material discuss how Asians reduce relying on Russian oil
On the other hand, British Prime Minister Johnson will hold talks with the Japanese Prime Minister Kishida Kishida on the 5th of London on the 5th. The two are expected to discuss how to support Asian countries to achieve diversified energy supply to get rid of Russian oil and natural gas.rely.
The two will also agree to deepen the military relations in the Indo -Pacific region in principle, and reach an agreement on a new defense agreement and reducing measures to reduce Russia's energy dependence.
However, Minister of Economy and Industry, who visited the United States, pointed out early in the morning that Japan's operation to follow up with the EU will immediately cut off it.He asked the United States to increase natural gas production and assist Japan to reduce energy dependence on Russia.
