HomeMediaLatest NewsThe accident in Chuvashia is unlikely to seriously affect gas supplies to the EU

The accident in Chuvashia is unlikely to seriously affect gas supplies to the EU

20 December 2022

Belogoryev Alexey M. Research and Development Director, Director of the Center for Energy strategic analysis and forecasting

Alexey Belogoryev, Deputy Principal Director on Energy Studies of the Institute for Energy and Finance, commented on the significance and consequences of the accident on the Urengoy-Pomary-Uzhgorod gas pipeline on the territory of Chuvashia to the publication "Oil and Capital":

"From what is known about this accident so far, it has no obvious signs of sabotage. Rather, it is a technological accident of a local nature that occurred during the repair work. Therefore, it is unlikely to seriously affect gas supplies and, accordingly, prices. At least, neither Russia nor Ukraine have reported serious cuts in gas supplies in the near future. The damaged section can be bypassed as a last resort, Gazprom has a fairly extensive system of gas pipelines. But if there is a small accident, then it will most likely be eliminated in a few days."

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