launch period. 25 is definitely off the table. we won't be launching this period ends on tuesday. we will not be in launching in this launch period launch period 26 and 27 will really depend on the options that the team comes back with likely on monday or early tuesday morning, thousands of gathered in the parks and on beaches across florida space coast hoping to see a lunar launch, only to leave disappointed my brought friends with us and foreign mercer and our friend son's birthday, of the big candle to go off. but it didn't in unless you've ever seen a rocket go up. there's nothing like a heart pounding. i mean, shake your whole body and it's just something to say our committee has been plagued with delays with overruns them with a soaring budget. but nasa believes that even a short delay is worth it for a mission that will stretch over years and stretch the frontiers of space. allan

fisher, i'll do zita, cape canaveral, florida. ah, this is out this era, our main headlines now. the german government has announced a $65000000000.00 support package to cushion people and businesses against the soaring inflation. chance that show the windfall tax on energy companies will be used to keep oil and gas prices down. he also insists germany has enough fuel reserves to last the winter. what such did to them in their shield? germany is standing together in a difficult time uses. we will get through this difficult time as a countryside, and we have made all the decisions to make sure that our energy supply is secure, even though we are challenged by what russia is doing. and we have made all the decisions that are necessary to make sure we link that no citizen is left alone. ukrainian forces are trying to cut off

a found the russian troops of the counter offensive. and the southern have phone region early on sunday, ukraine car without more strikes from the antonyms ski bridge, a key supply route for russian forces. voting is under wayne chile, the referendum on a new constitution is to replace the one drafted during the era of the general august to finish chaise military rule. supporters of the new constitution. claimants. one of the most progressive in the world focused on the prime minister, shavaun sharif, has assembled a committee to coordinate flood relief efforts. 133000000 people have been affected and almost 1300 have died off the record. monsoon ring for israeli army says 6 soldiers and civilians have an engine in the shoes. didn't jordan, sally, an army spokesman says students off the bus. they're 100 occupied westbank. the testers belong to india is main opposition. party have been detained, that are rally against the rising cost of living. and you thousands demonstrated

against the ranger motors, government over food and fuel prices. a thought he says, essential items have gone up as much as a 175 percent. since movie came to power and got those all the headlines. one is coming up here on al jazeera, after inside story ah heels and as required, his gets worse, russia has shut down the law stream one pipeline. once again, he says it's because of maintenance with european leaders have rejected that. so how will europe cope with this? unprecedented gas shortage. this is inside florida. ah.

hello, welcome to the program, am hashim aha? bower? master of the continent of europe is facing a difficult winter had russia has once again shut down the cushion law stream one gas pipeline to germany. it's raised fears of short as years and possible blackouts in the coming months. russian authorities say the pipeline was shut to repair a leak, but european leaders have rejected this accusing russia weapon, ising energy, in response to the ukraine sanctions. russian state own firm gas problem says a german companies ready to carry out repass. but siemens energy has denied this sing. it has not been approached german, chancellor of schultz insists his government is doing all his can. to avoid

a crisis, the vanity type, the style diversity, we will survive the time until vin, because we have made time, we decisions in the past months to store guess because, because we're putting coal fired power plants back into operation. and this is why we can say now, and at this point we will get through this winter. the noise stream one carries russian gas by it supplies to europe. it stretches a 1200 kilometers under the baltic sea from the russian coast to north east and germany. russia has already significantly reduced gas exports through the pipeline . it prompted nearly 450 percent jump in european gas prices compared to this time last year. but the kremlin has repeatedly blamed western sanctions for the crisis. ah, lettering in our guests in moscow, stan, his love metro, which

a leading experts of the national energy security of fund and a researcher of the moscow based financial university in paris. and sophia cobo, global research scholar at the center and global energy policy and the for the had of gas analysis, our british petroleum in berlin bin arris founder and editor in chief of b. n. and e intel in years. and the former moscow bureau chief for the daily telegraph, welcome to the program status love by turning off the tap is russia weapon, ising gas to retaliate against western sanctions. i think this is a resolution against western sanctions because of the position of moscow authorities authorities in russia. they see that previously trade with russia was weaponized by the west. russian reserves of central bank will basically nationalized or stolen. this is this considered in moscow that of european union

decided to post trade embargo on russian co. after that there was a decision to put a bar against russian oil. and this embargo coming bracken should practice on the face of december 2022. so. busy from the point of view, frushell, this trade already recognized, and especially when it was full of on the lad. and if you're a good commission, just couple of days ago, passion that european union needs to impose price cap on russian gas and price can go completely against the contract. the contract. you cannot see how european union really falls the contract. european union really wants to perform a 2nd russian gap. so from russian position, it's like you are doing the same thing that you have done. you can recognize the trade. now i do the same thing. why we should all of the contract. if you don't want a contract, well, and so do you see this link between the fact that the decision to shut down the

in more stream one coincide coincides with the the g 7 decision to agree on a price cap for russian oil supplies. do you see the connection between both of them? i think it is a case and i think it is also a retaliation or trade amount and pressure on gas prices because gas prices have been coming down a little bit since the peak that we observed last week. last week we went to one other that after may be to you, which is equivalent of fav on plus 80 though last are the high, which is extremely high. so i think there has been a strategy someone's oceans, point of view to always maintain pressure on gas prices in your hot, in order to inflict pain economic pain to the european union. and i think this has been visible since the beginning since an invasion offer crane by russia. we have

seen 1st episode of the request to pay in what all and then some countries have been cutting party could are put on that, but get, yeah. and then some of their consumers were cut, then there has been in june the progressive reduction of flaws. oh, a furniture or gas furnace can one because it's very important to explain that piece. further reduction of not from one flows that we are seeing. now this is just to last the piece out of a new piece which has been lasting of the past, the month. it started in june and thing june, we have seen a progressive reduction just before he says it be that we were already at an 80 percent reduction. so what has been shut off for the past few days is just the last 20 percent look of just one pipeline which was still flew in our towards europe burn anyway, the gas flows through the nordstrom one were at some how 20 percent of what the used to be before which was about 55000000000 cubic meters

a year. still we're getting a sense of panic which starts to reverberate across europe, particularly in germany. indeed, and i mean, follow up on announce, boy, this is a i think designed to keep the prices are, are, and that's the way has inflicting economic pain on europe. so the interesting that you got from the announcement it was shutting down all 3 months completely off, the market is closed and the prices have been falling last week. but when they open again tomorrow, i'm sure that they'll bounce up again and that's been the strategies to keep the price is high. and ironically, although no streamline has been shut down and i said, is shortages in europe particularly here in germany. it should be noted that the gas tanks reached 80 percent full already last week, a full month ahead of schedule. so there's not actually a shortage of gas. in fact,

we're slap in the middle of we're average the should be going into the, the, the heating season. but the threat is that no strain one stays off, that there's no impulse throughout the winter that the tanks themselves are too small to get through the hallways that without continued imports to germany run out of gas after 2 months. if there's no more import. and so put in is literally turning the gas on and off to keep the tension extremely high. because at any point you can send them off and keep them all, and then the sip, it's a huge energy prices, you know, acids choosing where completely over the barrel on this one. and they just shut them off again with no date for when they're going to resume. but they're going to have to resume with europe is not going to go into a massive crisis that will involve rationing, that will involve industry signed and that will involve huge cost to the consumer status plan using gas as

a weapon to further extract more confessions from the europeans, isn't this something that could backfire on the russian government on putting, in particular, because you get, in a sense that many people now are saying russia could not be taken seriously in the near future. as a genuine partner when it comes to gas or oil supplies, well, let's see a line of who, whence you chose to fall. it was said by european officials that they don't see russia as a partner anymore. you know, this is fear. they already post embargo russian goal embargo against russia, oil it on the way. and it was said officially that european union will not be buying russian soup. it was not and there was not a specific date announced, but still it was understandable that your doesn't really want to be dependent on russian cath and frankly started in several years ago because of the whole grid agenda. and because the reliance of american allergy and stuff like this. so i

suppose after all this was fed by european union in moscow and criminal people. 3rd, that basically we have already lost this market. we are not welcome to there anymore. in this case, why should we help europe to pass through winter time, just to wait until union adoption you package of sanction and stop the gas flow from the small side in this case, why should you wait? i think that's kind of a good strategy issue. and if you look back of the previous sanction packages that really didn't seem to work out as was intended by the, by the west because they ended up creating this, a crisis. prices were skyrocketing and putting ended up having massive energy revenues. if you look at the new decision, the new push to move forward with the price cap, which means that if you sign up to this agreement, then you have,

you can only purchase the russian oil at or below the price cap. is this something that could work dissimilar counters going with this? this is, this is very uncertain because i think a lot of countries are currently benefiting from accessed cheaper russian oil. i mean, you have to understand that, you know, that i live at is coming from russia right now is not sold at market prices at brand places for example. but he saw that the discount, so therefore the prices are good with the lower. but let me take a step back. i mean, the reasons for the sanctions at the very beginning where he know that lowers of, of the news that of russia is getting on oil on gas and on called, in order to basically not give the impression that the west was financing as a war in ukraine because you know, there's, it's a weapon use from all the sellers are being used to in order to basically manufacture or set weapons in order to basically bombard cranes of his,

his exec visa point of the sanctions. lowers of, of, and use that st. overture is basically using it, and therefore maybe at the end of the day, i mean, it's a question of stoppings a war. he says what he knows a west wants to do. now i agree with on the one thing which is that western leader there has been a little bit naive in thinking that by saying that, you know, there would put in place all distinctions washer, which has continued to develop a gaz, pearls or contracts. and in fact, russia as done completely the inverse and as dickens are lead because white no washer is in the trading seat in terms of deciding how much gas it wants to send to you hope and that it always a good excuse not to act. would you respect the contract? i mean, either there is a problem with the knots in one by plane or people as not wanting to pay inevitable . so they are very eager to actually ships of blend towards a wes for the problems, but they are creating we've, the cell is also the naval keys of natural gas towards it. what your hopes of it is

very important to remember that because why is your particularly in pain and other countries as well? this is because markets, a global gas markets are extremely tight. and this is why we are seeing these pretty crazy prices of natural gas and also power. i mean, we eval to know a power crisis because to high gas prices are translating into very high power prices as well as naturally as is at the marching. and that's why your be and leaders are trying to change that power price mechanism in order to basically decompose a price from, you know, cheaper we saw see, such as nuclear renew their bond mate or farms at very expensive pies. okay? if we saw, see that call or natural gas burn, it serves or this is a, an uncharted territory for every one. the europeans of the west, in particular, would like to pull more sanctions,

more restrictions to see that putting does not benefit more from the revenues to direct those revenues towards the war in ukraine. but at the same time, with the new price cap, an importer who is looking forward to have or seeking some services like insurance, cover in europe, will have to abide by the price gap. but do see countries like china, india, and many others who enjoy what is happening right now into this agreement. the price mechanism will not work unless china and india in particular come on board. and every indication so far is that they're not going to in so much, is the 1st process in getting this insurance is you need a safety certificate. and there's an international organization, a group of 11 national organizations that office the certificate. and india explicitly not only ignored the non issue,

the certificate went out and certified the entire rushing face of come flux. and they have said that india said this week that they would only come on board with the oil cap price. steve, everybody else did, which is to say that there's just a very strongly that they're not going to get on board. so you talk to the industry, people, they're very skeptical that it could be made to work. however, even a partial implementation of this, this mechanism would put in a position where they can go to russia and say, well, the, you're getting less the market prices from other countries. if we're going to buy food from you, then let's talk about the price again. as i said, they're already getting it already starting at a discount. and so that discount may get even deeper, which will cost russia money. but my take on this is that she puts in, doesn't care about the profitability of the business. she just wants to make sure the revenue comes in sufficient in order to keep this budget balance. and in order

to give some goodies to the russian people to stop them becoming unhappy and then im facing domestic fiscal problems. so i think it's going to be a budget job, but i mean, also done. we have to admit that the sanctions regime has not worked so many was a zine to take away russian revenue. and so it couldn't fight the war and exactly the opposite happened. and now in a stage where the west is trying to come up with, you know, sanctions on the same and secondary sanctions. they're basically a bunch of band, it's trying to make sanctions that's already gone into place. we're going to deprive russia that revenue. and i say, i think this is this price epstein, this is exactly that. it's not going to work very well because the danger here is that you actually cause a new spike. this time in oil prices. jack morgan said price is to go to $300.00 a barrel, which is twice the all time record. so this one could backfire as well. and the

finance ministers when they released the details on friday, basically said very little and more over they said specifically they said nothing about what price the cap is going to come in. ok, russians are said. anybody who joins that scheme was simply going to stop. well, deliveries and then we have a oil prices on top of the gas prices status love. what's next? full president putting because for many years, russia by position itself has a clean energy supply for europe. had massive political and financial leverage that leverage could be lost. now with what is happening with turning off the tap. yes, i think this market can be lost and it was again, it was said officially by the union officials. they said we are saying good bye for rush. i guess we will not be spent on russian dance. we'll stop buying russian gas and french speaking the status several years ago. they've asked you, great, well, they have accelerated, this trend. nothing more. as for what put is going to do next. i think he will

still try to again was not stream one. and possibly there will be an intrigue concerning transit via craven because it's tracy crane can also be stopped. but in this case, russia will have difficulty in sandy gas to chance. nice trim. you know, i don't, in this region or from although that is for russian region. and if this transistor loses gas, in this case, there could be 5 minutes for events from craig inside and model one side. so this is the intrigue. what's happening with, with ukraine route, as we'll talk stream road. and then did go through a balcony countries. it's also in a tree ship because russian authorities decided to support category and particular premier or, or run in setting lock as to kangaroo with lower prices. but henry definitely decided to resell the gas to its neighbors, a primary to austria, asheville, lekia. so again, it's an intrigue we'll put in,

allows this just to flow too angry than to the rest of the country. and germany as we speak now, it's storage facilities are now 84 percent for it, which means in theory they should be fine for the time being. uh, what about the midterm and long term implications? i mean, just of all you don't get all winter with just storage. i mean, this is very important. you need to have certain amount of imports. and then on top of that, you are using still hedge because you need to covers the heating demand during the day, which is essentially coming from the residential sector. and then during the period, april to october, you are going to we're fi storage. so if we are, would you seen natural gas on wash our father or other, if wash our, would you see its export to europe even further? there will be a problem going for going there after twin is

a winter 2020 to 2023 because we, we need to revisit to like even if we are fine and this winter. the problem is that the global gas market is going to be tight until the end of 20252026. why? the time? because there is a lot actively detail. ellen, she export capacity coming to the market. and russia is putting pressure on your hop right. know precisely because it knows that there is holla tivoli liter as tentative sources available. besides what you hop as already managed to secure. so there is a lot of money coming to europe right now at a very expensive price, but it's very doubtful that you can get even more. and on top of that, there is a const 20 deb something hutcher been one of the one of the earth follows from the war in ukraine and the you hover, the sky, rocketing oil prices are compounded, were the inflation now the german chancellor or has agreed on

a $65000000000.00 relief package. would it be enough to tackle those problems, particularly in inflation, which is becoming more of a global her issue here? this is the big problem and i think it's one people are not paying enough attention service. the cost of this war is proving already to be enormously expensive. the germans just put a new 65000000000 euro package, just the core for industry in the depot. but this is on top of the 60000000000. they've already spent equity. so it was already spent $52000000000.00. if you look across europe, the bill is already up to about 300000000000 dollars years. and this is before the winter stars, because they're going to subsidizing these heating bills to the population. as barbara, the foreign minister said, there's going to be demonstrations, protest in berlin, about the rising costs. i mean in the u. k. getting bills are going to tennis. and

on top of that, you've got the inflation 9 inflation in the in the k just went over time percent. but the 1st time it says he is and the rest of europe, or just about to go ahead and double digit. and this is going to get worse as the teaching bills joe up. and i think this is a strategy he's just going to and thanks so much pain to me, the prices of the consumers that much painful to the point where they protest and just yesterday, in prague, there was 70000 people on the streets, protesting against the energy prices across the living, demanding chief cast, and they're going to put pressure on the government in order to come to some sort of arrangement to come, you know, a ceasefire with russia. and i say, i think the winter goes on. this is going to get worse and looking at what it's going to cost by the end of the hazing season, maybe a trillion years, and i'm not sure you're past the money to pay for that. certainly doesn't want to

be extremely painful. status of isn't put in, in a way or another, pushing people to look for alternative renewables and for the europeans in a way or another to move forward to new suppliers. they could do business with for the longer run. just a trying to find another supplier that european union wanted from you will let us that. so for put is just a particular time to act right here right now, because in several years from now, maybe from 5 years from now who plenty of gas and oil and free l, n, g. and you, if i pay for it to move right here right now, why wait the 5 years? why stop this is gas corporation with europe when it is convenient for you are probably better to stop this corporation when it is less than we need for you. in order to gain some political results over which i really think that could be kind

of a national political course in different european countries, especially after social address like what's happened in products and just recently promoted people will just call that all additions to find a compromise instruction based on also your grandchild. i was just fascinating. the way the geopolitics of energy are trying not to play out globally. studies love metro, which sophie cobol been are, is a really appreciate your insight, but unfortunately we have to leave it there and thank you for watching. you can see the program again any time by visiting our website and just you know, dot com for further discussion. go to our facebook page, that's facebook dot com, forward slash a jane slice laurie. you can also join the conversation on twitter, our hand, that is at ha insights for when we asked about, and the entire team here in bo huh. bye for now.

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