Gascade gas compressor station in Aisleben. Archival photo MOSCOW, January 5 Europe is at risk of being left without gas in the next two months due to freezing weather and low reserves of blue fuel in storage, writes Bloomberg. The authors of the publication noted that the preconditions for the fuel crisis were the transition to renewable energy sources and a decrease in its own production of natural gas. As a result, last year, electricity generation in European countries fell due to the volatility of wind energy and solar energy. «There are two coldest months of winter ahead, and there are fears that Europe may run out of gas,» the article says. -President of the consulting company Wood Mackenzie Massimo Di Odoardo named the only way out of this situation, in his opinion. «, — said Di Odoardo. A noticeable rise in gas prices in Europe began in the spring, when the average spot price on TTF fluctuated in the range of $ 250-300 per thousand cubic meters. In the last days of summer, the value of a day-ahead delivery contract exceeded $ 600, and in early October it crossed the threshold of $ 1,000. Already in December, quotations have doubled. There have been no such steadily high prices in the entire history of gas hubs' operation since 1996. Gazprom responded to Insufficient gas supplies to Europe Experts attributed the rise in cost to several factors: low level of occupancy of European underground storage facilities, limited supply from major suppliers and high demand for liquefied natural gas (LNG) in Asia. Now the mood of market participants is also influenced by the weather factor and uncertainty with the launch of Nord Stream 2. Both lines of the pipeline are filled with technical gas, and it is ready for operation, however, it is not expected to be launched until the second half of the year.
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