Poland’s PGNiG warned of a tough winter in Europe due to gas shortages

The occupancy of gas storage facilities in Western Europe is at a record low, so the winter can be hard, said the deputy head of the Polish energy concern PGNiG Przemyslaw Watslavsky, whose words were reported by RIA Novosti.

“The cost of gas is now very high. As you probably know, demand in Europe is now much higher than supply. There is a risk that the winter will be severe. Gas storage facilities in Western Europe are filled to record lows, which are driving record high costs, ”Wenceslas said at the 23rd World Petroleum Congress in Houston.

This fall, the growth of exchange prices for gas in Europe reached record levels. The reason for this was, among other things, the shortage of gas in the storage facilities of Europe, the reserves in which reached a ten-year minimum – 75% against 94% last year. The calm weather also contributed to the decrease in the efficiency of wind generation and the uncertainty surrounding the launch of Nord Stream 2.

On December 6, Gazprom, referring to data from Gas Infrastructure Europe, reported that almost a quarter of the gas injected this year had been withdrawn from underground gas storage facilities in Europe.



Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent News

Editor's Pick