... for the EU. In response to this issue, the EU is expanding cooperation with Algeria and other North African suppliers. 3. Creating Strategic Reserves and Enhancing Energy Efficiency The European Commission is urging EU member states to actively build gas reserves, which can help stabilize supplies in the event of disruptions. Alongside this, EU countries are developing energy efficiency programs aimed at reducing gas consumption. Improving energy efficiency, especially in the residential and industrial ...

... environmental technologies and digitalization are considered. 1. Gazprom Sector: Oil and Gas Investments in 2023: RUB 2,519.1 billion Investments in 2022: RUB 2,294.5 billion Gazprom's main assets 1. Gas fields Gazprom has the world's largest natural gas reserves, accounting for over 70% of Russian and about 16% of global gas production. Key fields: Bovanenkovo field: One of the largest on the Yamal Peninsula, with confirmed gas reserves of over 4.9 trillion cubic meters. This field is the basis for long-term ...

... EU is also expanding cooperation with suppliers in North Africa, such as Algeria, to further diversify its sources. 3. Building Strategic Reserves and Increasing Energy Efficiency The European Commission is urging member countries to actively build gas reserves, which can help stabilize supply in the event of disruptions. Additionally, EU countries are developing programs to enhance energy efficiency, aiming to reduce overall gas consumption. Increasing energy efficiency, particularly in residential ...

... fluctuates around $400 per thousand cubic meters , which is approximately in line with similar levels from the previous year. The summer heat in Western Europe is increasing the load on power grids (due to air conditioning), while the need to replenish reserves is also supporting gas demand. Furthermore, pipeline supplies from Russia remain limited: transit through Ukraine has been entirely suspended since the beginning of the year, while volumes along the "Turkish" route remain at moderate levels (~50 million m 3 per ...

... Europe.” By the end of the decade, Turkey may emerge as a natural gas producer for the European market. This relates to the development of the Sakarya field in the Turkish part of the Black Sea,” says Sergey Tereshkin, CEO of Open Oil Market. The reserves of Sakarya are estimated to be at least 540 billion cubic meters of gas. Current gas production at Sakarya does not exceed 5 million cubic meters per day, but by the end of the 2020s, production is expected to reach 60 million cubic meters per day. For comparison, Turkey’s LNG imports in 2023 were 40 million cubic meters ...