Gazprom says Europe does not have enough gas for the winter
World

Gazprom says Europe does not have enough gas for the winter

According to the Russian state-owned gas giant Gazprom “even the maximum reserves of the” storage facilities “in the large European countries do not guarantee a reliable passage in the next autumn-winter period.

Europe is about to experience one of the coldest winters ever. Gazprom reiterates this once again: in a communication on its Telegram channel, the Russian state energy giant estimates that “even the maximum reserves of” storage “facilities in large European countries do not guarantee a reliable passage in the next autumn-winter period”.

According to Gazprom, as of 15 October the gas reserves in the storage facilities “had been replenished by 66 billion cubic meters”. To reach the plant occupancy level marked at the start of the 2019/2020 season, companies will have to pump another 6.4 billion cubic meters of gas.

Only last week Alexei Miller, chairman of Gazprom’s board of directors, said that “there is no guarantee that Europe will be able to survive the winter with current gas stocks”.

Statements also supported by the executive director of the International Energy Agency Fatih Birol, according to which “European countries will face the winter without major supply interruptions and without blackouts, because gas stocks have reached about 90%”.

In short, it seems to be almost certain that the coming months will be difficult from an energy and economic point of view, with heavy repercussions on the pockets of consumers. Meanwhile, to face the crisis, tomorrow, Tuesday 18 October, the President of the European Commission Ursula von der Leyen will present a new package of measures against expensive energy: possible the introduction of a dynamic and temporary gas price cap “to avoid excessive price volatility and preventing extreme peaks on the energy derivatives market “.