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Gas is cut in cubic meters

25 July 2022

Salikhov Marcel R. President, Principal Director on Economic Studies, Head of the Economic Department

Marcel Salikhov gave a commentary to the Kommersant FM radio station about the situation on the EU gas market.

Marcel Salikhov, President of the Institute for Energy and Finance admits that the temperature in the apartments of Europeans will drop next winter: “The reduction will primarily affect industrial consumers. Already a number of chemical production in June and July have suspended their activities.

Apparently, this can be continued, because now the plan provides that restrictions, shutdowns will not affect households, but it is possible that the norms for space heating will be changed. Relatively speaking, in our understanding, the management companies were not obliged to maintain a certain temperature, and now it will be lower in order to reduce consumption in this way.

There is uncertainty about what will happen next. If Nord Stream 1 is operating at 20% of its capacity, then it is not clear when it will return to planned indicators or at least increase current ones. It is generally reasonable to assume that European countries should prepare for the fact that reduced volumes will be maintained, including in the coming months and during the heating season, so it is necessary to reduce consumption.

If we look at the European market, in general, about 20-25 billion cubic meters per month are consumed in summer, while in winter the figures increase by about two times.”

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