Hardcash...Once Europe is normalised Germany will be looking to...

Hardcash
...Once Europe is normalised Germany will be looking to shut down coal and also reduce dependence on Russian gas. All of Europe is doing the same.

For Baseload power supply vs demand

On the Supply side - countries in EU quite different
Germany - When Nuclear was shut down, they havn't really sorted out the Gas "dependance" supply issue. As EU's largest economy, Germany has already substituted huge Gas/LNG volumes, so that now Norway (Equinor) supplies 60% of Germany needs. This is approximately the same as what Russia (Gazprom) used to supply pre Ukraine fiasco.
Eggs are now still in 1 (different) basket - So Technical risks supercedes Political risk - Norway Plant outages at LNG terminals etc, a "suspicious fire" or pipeline "leaks" eg. being bombed....

France - The Geology in France means bugger all Fossil fules. No real gas, oil anywhere. Hence 70% energy is Nuclear with Uranium materials coming in from Niger (ouch)! and 20% Renewables.They are a net exporter of energy. But again, it only take a Uranium supply issue or their old Nuclear plants go offline for many repair reasons and they will keep their energy for domestic use.

Italy and UK are both net importers of Energy
Thats why the UK is opening up new O&G permits in the North Sea again - Until Scottish wind farms really scale up and hopefully gain independance from UK (Ha Ha).

Spain has nice beaches and good Sangria

Anyone who can find Gas in Eastern EU (inside the NATO boundary) will make a motza. Obviously Ukraine has bucket loads of gas.........
So I think Germany really isn't out of the woods for Big industrial energy supply... It's the "Future Normal" that also needs to be considered.
The big winners so far seem to have been USA and Norway - LNG exports!!


PLUS, All these EU countries have looming Energy Demand issues
- Massive wave of Battery Giga factories producing EV batteries and Robotics/AI driven manufacturing/productivity
- 2nd wave of factories that will Recycle batteries
- Data Centres - the energy needed for AI Data Centres is another level of consumption (firing up GPU's) cf. common garden variety data centres which are already fairly big energy hogs. Big hubs forming in Iceland using GeoT and Switzerland with (Pumped) Hydro. Maybe Tasmania???

Gotta keep the Heat and lights on.........

Point I am making is dirty coal may still hang a round for a while in EU.

In Oz, the early shutting down of coal fired makes it even more impertive to have Gas out of the ground ASAP - onshore or offshore. There should be no distinction.

Cook realises he can turn on the screws for the majors (WDS, STO etc) by mandating more transparency on their WA domestic reservation & delivery requirments and even increasing it from 15% to 20%/or whatever. But that would upset the Export neighbours (Japan, Korea) and WA Treasury (taxes on export revenues $'s)
So he does have to provide an incentive also to domestic gas suppliers (STX, MIN) to get gas out of the ground. Or he has "100% reservation of nothing"

Oz Mining/Critical Minerals Industry is going to be hungry for Energy (swopping out Diesel/downstream Minerals processing) and maybe even some opportunity for cheeky Energy export to EU (gas deal swaps).

Interesting times for Energy!