As winter approaches, Europe may face serious disruptions in gas supplies due to reduced imports of Russian pipeline gas and instability in global energy markets. How is the European Union preparing for these challenges? In this article, we look at the main causes of potential disruptions, the EU’s response to diversify supplies and create reserves, as well as the prospects and risks for the upcoming ...

Tereshkin: Gas prices in the EU will not exceed $500 per thousand cubic meters due to the "Sudzha" gas metering station (Prime Economic Information Agency). On August 9, 2024, Sergey Tereshkin, CEO of the OPEN OIL MARKET oil products marketplace, commented on the potential consequences of reduced gas supplies through the "Sudzha" gas metering station for Europe. In his opinion, despite the increase in gas prices, the impact on European consumers will be limited. This is due to the low share of supplies through the "Sudzha" ...

... 43 million cubic meters per day. "Therefore, the volume of transit through the Ukrainian GTS will play a decisive role. Most likely, the gas transit agreement will be extended, influenced by the European consumers' interest in stabilizing the gas market and the high dependence of Austria and Hungary on Gazprom's supplies," concluded the CEO of OPEN OIL MARKET. Earlier the same day, Vedomosti, citing data from Gazprom and the European Network of Transmission System Operators for Gas, reported ...

... Stream. Analysis by OPEN OIL MARKET’s Tereshkin for the Vzglyad Newspaper. The article explores the conditions under which the remaining branch of the Nord Stream 2 pipeline could become operational, considering the current state of the European gas market. It examines factors influencing gas price increases, including uncertainties surrounding transit through Ukraine, climatic conditions, and competition with Asia for LNG supplies. Expert Igor Yushkov notes that in the event of winter frosts and ...

... fuel and energy sector is showing moderate growth and signs of stabilization. Oil prices remain high, with Brent holding above $72 per barrel, reaching its peak since late June amid ongoing geopolitical risks and strong seasonal demand. The European gas market is relatively calm due to record filling of underground gas storage ahead of winter. Simultaneously, regulators and market participants are taking steps to maintain balance: from August 1, the OPEC+ alliance is commencing a planned increase in ...