Russia will not be able to solve the European gas crisis before the onset of winter

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The lack of gas in European storage facilities due to the cold winter and hot summer this year caused a sharp rise in prices for "blue fuel". Many analysts blame the Russian Gazprom for the gas crisis, which allegedly refuses additional gas supplies for political reasons. However, the chairman of the board of the Russian gas corporation Alexey Miller indicated earlier that Gazprom strictly fulfills its contractual obligations.

According to World Oil, the International Energy Agency is calling on Moscow to increase gas supplies to the EU, while a group of European lawmakers have asked for an investigation into Gazprom's role in the price hikes.



However, Gazprom's orientation towards the Russian market has objective reasons, since the company is trying to avoid destabilizing supplies within the country, despite the possibility of making large profits abroad. In addition, Gazprom does not have much additional free capacity to quickly increase production. This is the opinion of Ildar Davletshin, an analyst at Wood.

Gazprom announced last week that it was pumping 325 million cubic meters of gas a day into Russian storage facilities - almost the same amount as daily sent to Western European consumers. According to Citigroup, Gazprom plans to complete filling its storage facilities by November 1, after which the company will be able to send excess volumes of “blue fuel” to European markets.

It turns out that limited supplies from the Russian Federation are depriving the Europeans of the fuel that is so necessary for solving the gas crisis before the onset of the winter cold. With the heating season starting in just a few weeks, Europe will not be able to shake off high gas prices as intense competition from Asian countries for LNG exacerbates the crisis.

Gazprom cannot wave a magic wand and transport additional volumes of gas anywhere on the continent. No matter how hard a Russian corporation tries, it cannot saturate such a huge market as Europe alone.

- noted Vitaly Ermakov, senior researcher at the Oxford Institute for Energy Research (quoted by World Oil).
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    1. Bulanov
      Bulanov
      +1
      27 September 2021 10: 19
      Many analysts blame the Russian Gazprom for the gas crisis, which allegedly refuses additional gas supplies for political reasons.

      Where are the "free molecules" of American gas? Why is the US not increasing its gas supplies to the EU? First they threw France 60 yards, now they refuse even to supply gas? And how does the EU tolerate all this? Afraid to criticize the United States so that they don't transplant these critics?
      1. Cherry
        Cherry
        -1
        28 September 2021 18: 06
        I could not understand Trump when he was president, and now I cannot understand Biden either. The United States produces 29 million tons (2018 data) of LNG. Europe consumes natural gas equivalent to 152 million tons. Qatar produces the most LNG - 77 million tons. And what Trump was fighting for is generally difficult to understand. After all, last winter the United States was forced to buy LNG from Russian producers. Again, did the United States inflate the whole world? And Merkel, when she went on about the American preziks, did not know the situation on the LNG market, when she promised at her own expense, according to Trump, to build 13 regasification plants in the EU? For what an interesting m ..... business are they holding her? The United States, as you can see, practically does not produce LNG, but actively speculates with strangers, having come up with some scheme for its design for the fastest implementation. And the EU (Germany), having agreed to the construction of SP2, now puts a spoke in its wheels under the guise of: "We cannot oppose anything the third energy package. ”The hypocrisy is striking! After all, the Germans spent 2 times more money on the construction of internal German gas pipelines than Gazprom and investors. And how will she now look them in the eyes if through one in the German government they talk about the funeral of SP2? Or will she leave and this is not her problem? My aunt did the last thing. Only a spit after is worthy. Not only for SPXNUMX.
    2. Bakht
      Bakht
      +2
      27 September 2021 11: 07
      Why should a Russian company solve European problems?