Europe will be left without gas by March if Russia does not resume supplies
https://inosmi.ru/20220914/evropa-256084904.html
Europe will be left without gas by March if Russia does not resume supplies
Europe will be left without gas by March if Russia does not resume supplies
Europe will be left without gas by March if Russia does not resume supplies
Europe faces the daunting task of making sure that gas reserves are caught all winter long, writes La Vanguardia. For this disease… | 09/14/2022, InoSMI
2022-09-14T00:13
2022-09-14T00:13
2022-09-14T00:13
vanguard
economy
Europe
powerful crisis
gas
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Laura AragóSummer is over. Europe has managed to replenish the statistical reserves of gas, and now it faces the difficult task of making sure that they do not run out in the winter. One hundred and sixty gas storage facilities in 18 countries with an accumulation rate of almost 83% will be enough to use only 21% of the annual consumption in the EU member states. the use of stocks, the creation of new supplies and the reduction of gas consumption by 15% in accordance with the Brussels agreement. It is not known whether Putin accidentally taps, and it is not clear why it will be severe, which is increasingly difficult to predict due to winter climate changes. In this regard, there is an increasing certainty about and without the risk of a risky strategy. at the beginning of February 2023, European storage facilities may be empty. It would be possible to hold out until March 2023, but on the condition that Moscow resumes gas supplies, even if in a small volume. Such estimates were given by an independent consulting company in the field of energy markets ICIS. By the end of winter, stocks are typically at 20% stock, allowing you to start stocking up for next winter without risk to consumption. that by the first of November the gas storage facilities should be at least 80% full. The countries hit the target on August 31, three days before turning off the tap for Putin to reach the price cap on the application side. A 10% reduction allows the region to survive the winter, but storage closures are at an all-time low. In addition to all the use, this measure can “target the summer months and increase the risk of structural imbalance in the market in the absence of winter,” explained Andreas Schroeder, head of energy analysis at ICIS. : in this case, until the end of winter, the storage facilities are preserved by 45% and even slightly exceed the indicators of recent years. A small surplus of waste could mitigate the impact of a fuel supply cut and start the season without an increase in consumption that could jeopardize stocks for the 2023/2024 winter season. “A recession would still be inevitable because prices continue to rise, but this is similar to the impact of energy development,” explains Schroeder. LaVanguardia that if a 15 percent savings is achieved and excess returns are achieved between the forecast economies to avert economic catastrophe, then these economic measures need to be thought through and made effective. it is an infrastructure for collecting resources between the countries that feed on them. “In case of refusal, there may be a refusal of the foundations of the EU,” Marceau warned. Strategic reserves help to survive the winter, but this is not the only condition: the development and growth of the danger of gas through pipes and LNG on tankers, another factor associated with the insufficient production of this fuel in some countries. more dependent on Russian gas: former Soviet republics and former satellite states of the USSR, Germany and Italy. days until the end of January. If Scholz reduced consumption by 15%, stocks could be reached before early February. It is only marginally dependent on Russia, and it also has a lot of regasification terminals, so it will definitely be provided with resources. “There will be no shortage of gas, but it will be very expensive,” Marceau’s emissions. . Be that as it may, gas prices continue to rise in the coming months. Since delivery is widespread in Russia, prices are achieved by more than 30%. Saving the role of consumption in the EU can play a key role in containing the growth of consumption and the impact on the lives of citizens.
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Europe
2022
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la vanguardia, economy, europe, energy crisis, gas