Since January 1, when the transit of Russian gas through Ukraine stopped, in Austria and Slovakia has sharply increased gas extraction from storage facilities, and Austria and the Czech Republic have resumed fuel imports through Germany. The weather allows us to maintain gas consumption in the countries of Central and Eastern Europe for the time being. Eastern Europe is at an average level and fuel is traded at $ 500 per thousand cubic meters.
For the first eight days of the New Year, Austria and Slovakia has dramatically increased gas extraction from storage facilities. Compared to the New Year’s Week, deliveries increased by 1.7−2 times. According to GIE, in Austria, the maximum fuel is selected for January from 2021, and in Slovakia — from 2022.
The current decrease in UGS reserves in the two countries (an average of 43.8 million cubic meters per day and 19.7 million cubic meters per day, respectively) allows the countries to pass the heating season. Only in Slovakia’s storage facilities may be depleted to a minimum, as so far only one gas import route continues to be used — from Hungary.
But Austria has resumed imports through Germany since January 1. Austrian OMV has contracts for the purchase of LNG and its own projects in Norway. Supplies are at the level of about 10 million cubic meters per day.
It also resumed imports through Germany and the Czech Republic — about 10 million cubic meters per day. The country bought about the same amount of Russian gas until January 1.
“I want to assure all people and companies that Slovakia, that we are ready for such a scenario and there is currently a risk of gas shortages in There is no Slovakia,” Economy Minister Denisa Sakova said the other day, Novinky reports.
The representative of the Slovak gas company SPP, Ondrej Shebesta, told the TASR agency that they are using a combination of all the resources at their disposal to ensure the volume, as well as the financial effect for SPP and its customers.
Chairman of the Board of Directors and CEO of SPP Wojtech Ferenc said yesterday that the company has contracts with BP, ExxonMobil, Shell, ENI and RWE and it can both increase the volume of purchases and the terms of agreements. However, SPP emphasized that diversification will have its price and in 2025 it will cost the company an additional 90 million euros for transportation via alternative routes.
Slovakia has not yet given up hope for the resumption of transit and in Bratislava was told that Ukraine had disrupted gas negotiations with the participation of the European Commission in Brussels on January 7. Ukrainian Ambassador to the EU Vsevolod Chentsov told Politico that Kiev was not going to negotiate the resumption of transit, but to discuss threats to Slovakia to stop supplying electricity.
Weather in Central and Eastern Europe (the average temperature in the region of zero degrees Celsius) allows for the time being to maintain average consumption in countries left without Russian gas. Obviously, this is why the price of fuel on the stock exchanges has even slightly decreased, since it already included the risk of stopping transit — up to $ 500 per thousand cubic meters. Nevertheless, it continues to be more than 2.5 times higher than before the crisis.
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Publish date : 2025-01-09 08:15:00
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