Maksym Bielawski, a leading expert on energy programs of the Razumkov Center, expressed his opinion about the situation with gas reserves in the EU countries. He shared it on his personal page in Facebook.
Don’t panic
The increase in gas prices at some European hubs was a result of an informational and psychological factor, once again used by the terrorist state.
In fact, statistical data indicate that the European market is balanced. This is witnessed by the results of trading sessions at the French and British stock exchanges.
- Supply: As of July 22, since the beginning of the year, the EU has received 247.8 BCM — 2%, or 5 BCM more than in the same period last year. And this is against the background of a 40% drop in the Russian gas deliveries.
- Consumption: In the period under consideration, it fell by 22%, to 235 BCM. A further decrease in consumption (given the current level of Russian gas deliveries) will further increase the rate of gas accumulation at European storage facilities.
- Reserves: In June–July, stocks of the EU storage facilities increased by 2.8 BCM, which is 15% more than in the same period last year. This is rather an encouraging result, given gas consumption for generation and air conditioning.
Check facts and keep calm: the enemy will be defeated, the expert emphasised.