HomeMediaLatest NewsWhether is Europe in for a catastrophe due to the lack of Siemens gas turbines

Whether is Europe in for a catastrophe due to the lack of Siemens gas turbines

20 June 2022

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

Marcel Salikhov, President of the Institute for Energy and Finance, commented to the Svobodnaya Pressa internet-portal on the gas reserves reduction in the EU.

If the reduced volume of gas supplies to Europe from Russia continues, this will cause problems with filling storage facilities and supplying consumers. This is indicated by Marcel Salikhov, commenting on the publication of the Bloomberg agency.

Earlier, Bloomberg reported that due to Gazprom's decision to suspend the operation of Siemens gas turbines due to problems with their repair, natural gas supplies from Russia to Europe have decreased, forcing the EU countries to use reserves created for consumption during the peak of the upcoming winter season. According to the agency, the decline in supplies affected France, Italy, Austria and Germany. “According to the latest data, reserves have decreased by one percentage point, although gas is usually only injected during the summer period, and the received volumes are stored until the peak of the winter season,” the publication says.

At the same time, as the president of the Institute for Energy and Finance points out, the agency's data is completely untrue: “Recent ENTSO-G data show that in recent days there has been an increase in gas reserves in the European Union. Thus, as of June 18, European underground gas storages (UGS) contained about 54 billion cubic meters of gas and were filled by 54.31%. This corresponds to the average storage occupancy over the past five years for this time of year.”

The interlocutor of "Free Press" admits that if the volume of fuel supplies through the "Nord Stream" is not restored, then the problems for providing "blue fuel" to consumers are guaranteed. At the same time, the expert is convinced that they will not be as catastrophic as Bloomberg points out.

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