EU: No gas supply concerns in the New Year
Thanks to efficient preparatory work and coordination in the region and beyond, there are no security of gas supply concerns, the European Commission (EC) said, following the December 31 end of the Russian gas transit agreement via Ukraine.
At a special meeting of the Gas Coordination Group held on January 2, the Commission and the EU member states from the Central and Eastern Europe took stock of the situation, the EC said.
“The exchange allowed to confirm that thanks to efficient preparatory work and coordination in the region and beyond, there are no security of supply concerns,” the statement said.
Gas supplies have been secured via alternative routes (Germany, Italy) and through withdrawals from storage, it said.
“The European gas infrastructure is flexible to accommodate gas of non-Russian origin, aligning with the REPowerEU objectives.”
It has also been reinforced with significant new LNG import capacities since 2022.
“Storage levels at 72 per cent are slightly higher than the average (69 per cent) for this time of the year,” the EC said.
The Commission maintains regular monitoring and communication with the member states and market participants to ensure security of supply to the most affected member states and avoid speculation, the statement said.
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