The Guardian: Russia’s halting of gas supplies to Europe depletes European reserves

The British newspaper The Guardian saw that the cessation of Russian gas supplies through Ukraine with the end of the transit agreement concluded 5 years ago between Moscow and Kiev, tomorrow morning, Wednesday, the first day of the New Year, comes at a time when Europe is facing a severe cold wave and a higher drop than usual in gas reserves since last September.

The British newspaper indicated that Europe will receive the last Russian gas shipment sent through Ukrainian pipelines in the first hours of the new year, as it prepares The continent is facing a severe drop in temperatures, which may accelerate the depletion of already low gas reserves in several European capitals.

 

She noted that the Russian state energy company, Gazprom, is expected to stop… Its exports to Europe through Ukrainian pipelines on New Year’s Day after the end of the gas transportation deal concluded between the two countries five years ago.

 

Russia was previously considered one of the largest countries It supplies gas to European countries, but has lost almost all of its customers in the European Union since the start of the military operation with Ukraine, as buyers throughout Central Europe have turned to the United States, Norway and Qatar to obtain their gas supplies.

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Energy market expert Tom Marzek Manser said: “This is a moment of geopolitical importance.” “Ending the transit deal closes a major gas artery linking Russian gas reserves.” In Europe, this may mean that Eastern European countries will import more gas from northwestern European markets.

 

The cessation of gas supplies through pipelines between Russia and Ukraine comes at a time when they are facing Kiev has come under increasing pressure to negotiate an end to the war amid military setbacks on the eastern front, where soldiers are fighting in difficult weather conditions as winter sets in, and growing fears that US President-elect Donald Trump will withdraw US support once he is officially inaugurated as president on 20 Next January.

 

The newspaper saw that a severe cold wave expected later this week will be one of the most difficult tests for gas markets in Europe in recent years, and may lead to the depletion of gas reserves. Gas is in European Union capitals at the fastest rate since the start of the energy crisis.

 

Temperatures are expected to drop to below zero in several European capitals, including London, Paris and Berlin, by the end of this This week, which will lead to increased demand for gas for heating, which will double withdrawals from gas reserves in Europe.

 

Gas reserves in the European Union have decreased by about 20 percent since last September. According to official data from the European Union, this is much more than in the last two winters, partly due to mild weather and weak demand for gas from heavy industrial sectors.

 

The wave caused Severe cold looming On the horizon, the standard gas price in Europe will rise by about 5% since the beginning of the week to approximately 49 euros per megawatt hour, and this is the highest price on an annual basis.

 

It is expected that The energy market is expected to witness a significant increase in demand over the next few weeks, with forecasts for a colder than usual January and lower levels of wind generation, which could further deplete gas reserves in Europe to meet the needs of home heating and power plants around the world. Europe.

 

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