The head of NOVATEK: Russia has reduced gas supplies to Europe by 50 billion cubic meters. m for the last 4-5 months
The head of NOVATEK, Leonid Mikhelson, said that Russia has reduced gas supplies to Europe over the past four to five months by 50 billion cubic meters. m. On October 1, the fall was 47%. According to Mr. Mikhelson, the upcoming winter will be “light” of the next three, because they have already filled their premises.
“These deliveries were almost completely replaced by LNG – Europe increased its consumption by 65%. Additional drawdown through European regasification terminals 43 bcm m, 29 (billion cubic meters— “b”) of which fell on the United States,” said Mr. Mikhelson on the sidelines of the XV Verona Eurasian Economic Forum (TASS quote).
He stated that it would be difficult for Europe to survive possible consumption seasons due to the shortage in the LNG market. According to the head of NOVATEK, the additional load on the LNG market within one or two years will be at least 60-70 million tons.
“We do not see new investments until 2026. In 2023, projects for 18 million tons will be introduced in the world, in 2024 – 11 (million tons.— “b”), in 2025 about the same. to use what we managed to collect by this winter, it will probably be the fastest of the next three, ”he said.
Early termination of Nord Stream pumping at the beginning of September of Russian gas supplies to the EU from the beginning of the accounting year in annual terms by 45% (up to 45 billion cubic meters). In the third quarter, the level of imports collected was less than 10 billion cubic meters. m, a year later reached 70%. the main source of replacement was imported LNG, increased by 65% to 110 billion cubic meters. m.
The EU countries intend to introduce prices for Russian gas, but are not yet going to come to an agreement on this issue. 94% of gas reserves are stored in American storage facilities. Prices for blue fuel The US economy for four weeks in a row, but yesterday, October 26, moved to growth.
Read more about this in the material “Kommersant” “The price of European gas has bent.”