June 18, 2022

Bloomberg reported on the use of winter gas reserves by Europe

By Azlyrics

Bloomberg: European countries began to use winter gas reserves due to reduced supplies Data from Gas Infrastructure Europe indicates a decrease in gas reserves in European storage facilities against the backdrop of a reduction in supplies by Gazprom, they are used in winter, writes Bloomberg. Reductions affected Germany, France, Italy and Austria announced the use of winter gas reserves by Europe” />

Utilities in European countries are forced to use gas reserves for the winter period due to reduced supplies from Russia, writes Bloomberg citing Gas Infrastructure Europe.

Gas storage, which is usually used in winter, was 52% full on Tuesday , to this day, their fuel reserves have decreased by 1 percentage point. The agency notes that at the same time they remain approximately equal to the average level of gas reserves over five years.

“Obviously this shouldn't happen during the injection season,” — Warren Patterson, head of commodity strategy at ING Groep NV, told Bloomberg.— “This will be worrisome for the market and likely to support prices.”

Wood Mackenzie, a consulting company, admitted in an interview with Bloomberg that if the Nord Stream gas pipeline is stopped, European countries will not be able to reach the level set by the European Union gas reserves by the beginning of the heating season in November, and they risk completely depleting their reserves by January.

A number of European companies announced a reduction in gas supplies in mid-June. So, in the Italian Eni they said that Gazprom notified her about the decrease in volumes by 15%, but did not specify the reason. Later that day, the German concern Uniper (the largest importer of gas from Russia to Germany) announced that it had received less fuel than the contract stipulated. The company indicated that they received less than 25% of gas volumes, this happened after the Russian side “limited supplies through its largest pipeline to Europe.”

The Austrian energy company OMV faced a similar problem. A company spokesman did not specify how much the gas supply had fallen, but assured that it “could be fully compensated by OMV.” Later, on June 16, the French energy company Engie announced a decrease in supply volumes.

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Previously, Gazprom announced a reduction in the flow of gas to the European Union through the Nord Stream pipeline; by 40%. Previously, it was planned to supply gas in the amount of 167 million cubic meters. m, deliveries in the amount of 100 million cubic meters are now expected. m per day. This is due to problems at the Portovaya compressor station. in Vyborg, which provides gas pumping through the pipeline.

Siemens has delayed the return of gas aggregators from repair, while only three of them can be used, the company explained. The station is equipped with six gas pumping units with a capacity of 52 MW and two units with a capacity of 27 MW. Siemens noted that they could not return the repaired turbines from Montreal due to Canadian sanctions. The German federal network agency called the situation tense, assuring that the security of gas supplies would be guaranteed.

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