Photo: Reuters
Europe’s demand for Russian gas is growing
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Gas reserves in Europe are a quarter lower than what is considered normal for this time of year.
In Europe, the demand for Russian gas supplies is growing against the backdrop of declining reserves. About this with reference to the assessments of experts informs Bloomberg on Tuesday June 22nd.
According to Gas Infrastructure Europe, gas reserves in Europe are currently 25% below what is considered normal for this time of year.
In turn, the specialists of the American bank Citigroup believe that by the beginning of the heating season the level of gas in the storage facilities will be at the lowest level in the last five years. This is due in part to the fact that most of the supply of liquefied natural gas goes to Asia to meet the needs of China and India, the agency writes, as well as the fact that gas supplies and the Nordic countries fell to their lowest levels since January.
“Reducing tensions in the European market, which is already facing the highest prices since 2008, may thus depend on Nord Stream 2, a pipeline that connects Russia with Germany, which is experiencing delays caused by US sanctions,” it said. material.
The vice-president of the consulting company Wood Mackenzie Massimo Di Odoardo said that if SP-2 is not launched by the beginning of the heating season, and Russia does not increase gas transit to Europe through Ukraine, this could “threaten with price increases” for European consumers.
“I doubt the blackouts will follow, but at the moment the winter is going to be tough,” says Di Odoardo.
Recall that The EU does not intend to restrict purchase of oil and gas from Russia. The European Union has prepared a new EU strategy for relations with Russia, which includes a gradual reduction in the use of fossil fuels.
It was also reported that in Europe record gas price in 13 years… Gas has risen in price to a 13-year maximum – since the summer of 2020, the price has increased almost sixfold, said the Ukrainian GTS Operator.
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