The countries of the European Union practically do not control the volume of their own gas reserves, which creates enormous risks of fuel shortages in winter, writes Bloomberg.
“Only ten percent of the gas in storage from Italy to the Netherlands is under the direct control of the authorities,” the agency said.
The remaining 90 percent of the total stock belongs to international trading companies and large energy enterprises that have the ability to sell blue fuel at inflated prices even to other countries, the author of the material writes.
Bloomberg cites the statement of experts that the regional gas network should ensure the supply of fuel between markets, but further notes that in the current crisis situation, this system has not yet justified itself.
“The system’s practical capabilities have not been tested before,” said Graham Friedman, an analyst at consulting firm Wood Mackenzie.
According to his forecasts, in the event of a cold winter, stocks may fall below ten percent by March.
“Much will depend on the severity of this winter,” he concluded.
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