Despite the high gas reserves in underground storage facilities (UGS), European countries may face difficulties during the upcoming winter heating period. This may be due to severe cold and adverse weather conditions in the region, opens The words of Peter Clark RIA Novosti, vice president of the American energy company Exxon Mobil.
“They (Europeans – socialbites.ca) will approach winter with full tanks, but in the gas business, especially in Europe, a lot depends on the weather. A very harsh winter will have a huge impact,” Clark said in a speech at the international energy conference CERAWeek in Houston, Texas.
Ursula von der Leyen, President of the European Commission (EC) on 8 March statedThat European gas and electricity bills rose 300% last summer. Such a rapid rise in prices occurred against the backdrop of a sharp decrease in the supply of Russian energy resources in connection with international sanctions.
For eight months, Moscow has reduced the volume of gas exports to the region by 80%. However, European countries managed to diversify their fuel supply sources by finding alternative suppliers.