Natural gas supplies are severely impacted by the European Union's support for Russian sanctions, which have created a threat of not having enough until winter. Analysts caution that prudent energy use is required to extend the reservoir's life before the onset of winter.
Russian Gas Cuts Have Severely Affected the Bloc
According to Aurora Energy Research's calculations, all gas reserves, even in full, can last three months for the average use of all EU members, noted Reuters.
Data intelligence firm ICIS modeled their predictions on how long the gas supply could hold, and it would be bone dry by March next year, reported RT.
According to Simone Tagliapietra, a senior fellow at the Bruegel think tank, the emphasis should be on usage optimization rather than stockpiling.
Based on the ICIS data, if Russia keeps pumping energy at its current rate, springtime gas supplies will be 45% lower, with a 15% decrease in use over a five-year average per month. If supplies stop by October, however, there will only be 26% left, if there is no gas saved in winter, that will compound next year's supply levels.
The Oxford Institute of Energy Studies warned that if the Russian supply is cut off before the upcoming heating season after the end of winter.
Speculation says European Union will run out of gas from sanctions by November of the following year. Even worse is how promptly Brussels can obtain natural gas supplies, citing Easy Daily Crypto.
According to Matthias Buck, Europe director for Agora Energiewende, "the stockpiling is the safeguard, but a very significant market reduction is what we need as a primary consideration in this emergency."
Gazprom Clarifies Nord Stream 1 Pipeline Rehabilitation
Russian energy giant Gazprom explained that the Nord Stream 1 pipeline's capacity to transmit natural gas to Europe has been permanently disabled after the engine oil leak in the primary gas turbine was found during an inspection in St. Petersburg, per Alarabiya News.
The company stated that the Portovaya compressor facility, which is close to St. Petersburg, underwent a joint evaluation with Siemens Energy, which also looks after the turbine.
Gazprom highlighted an oil leak report signed by Siemens representatives in detail. They claimed that a specialized workshop could complete the necessary repairs.
This Russian energy supplier remarked that the pipeline turbine would not be used in its current state. However, it did not specify how long it would take to fix it, preventing supplies from being sent to Europe.
Due to the closure of several gas turbines, Nord Stream 1 has already been functioning at a lower capacity as of July. Several were sent to Montreal for repair work but became stranded due to Canadian penalties on Moscow in reaction to Russia's military campaign in Ukraine.
In reply to Germany's request, Ottawa declared an exempt status for the turbines in July, having returned one, but Gazprom refused to take delivery, quoting paperwork discrepancies. The primary cause of the 80% reduction in shipments thru the pipeline is faulty or delayed equipment.
Moscow initially claimed this week that the only thing that has kept Nord Stream 1 from functioning at its total capacity is the punitive measures.
Natural gas supplies delivered by Gazprom to the European Union may not be enough to stave an end to the winter crisis due to sanctions on Russia.
