Russian gas resumes arriving in Italy, after the stop in supplies which began on Saturday 1 October. Gazprom announced it, saying that flows have resumed through Austria, especially for Italy. The energy group led by Alexey Miller said that a solution to the regulatory problem with Austria was found with Italian customers (ie Eni). Eni also informed through its website that gas flows supplied by Gazprom have resumed today. The resumption of supplies was made possible by the resolution by Eni and the parties involved of the constraints deriving from the new legislation introduced by the Austrian regulatory authorities. Obstacles to dispatching gas in Austria have been resolved and Eni has received partial confirmation of its appointments for gas day 05/10 from Gazprom Export, Eni has always communicated with a notice on the information platform of the Energy Market Manager (GME).
The crux of the Austrian legislation
The problem – explained the CEO of Eni Descalzi on 3 October – is not of a geopolitical nature
but due to the fact that a guarantee should be given for the gas carried according to the passage of this gas to the carrier. It becomes difficult to think that a company that wants to pay in rubles can put guarantees in euros. We are looking at how and if possible to take over either the transporter or Gazprom. There is talk of 20 million euros of guarantees on billions of euros that pass. I am having a compliance analysis done and within this week I hope this problem can be solved. Simplifying, from 1 October last, a new legislation came into force in Austria which provides that gas must be delivered by international operators at the border with the country and not transported inland as was previously the case, and among the requirements of the new regulation there is it would be a security deposit to be paid to the Austrian operator. Apparently, Gazprom would not have fulfilled and the gas supply would have been blocked. Also because without Russian gas, the forecasts for winter needs should be reconsidered.
The passage to Ukraine
Gazprom supplies gas to Europe via Ukraine for a volume of 42.4 million cubic meters per day through Sudzha station, a Gazprom representative said, adding that the request for pumping through Sokhranovka was rejected by the Ukrainian side. . This was reported by the Russian news agency Tass. Gazprom supplies Russian gas for transit through Ukrainian territory in the volume confirmed by the Ukrainian side through the Sudzha gas pumping station, equal to 42.4 million cubic meters as of 5 October. The request for the Sokhranovka gas pumping station was rejected, he said.
Scenarios without Russian gas
The scenarios with Russian zero gas were hypothesized by theInternational Energy Agency. Without a reduction in gas demand and if Russian supply were completely cut off, storage would be less than 20% full in February, assuming a high level of LNG supply and close to 5% in case of low LNG supply, he warns the Aie. A collapse of stocks at these levels would increase the risk of supply disruption in the event of a late cold spell, the Agency again stresses. To avert this scenario, the IEA believes that Europe will have to observe crucial savings measures to keep stocks at adequate levels until the end of the heating season. According to his projections, a winter reduction in European gas demand of around 9% compared to the average of the last five years would be necessary to keep these stock levels above 25% in the event of lower LNG inflows. Furthermore, European gas demand is expected to decrease by 13% compared to the five-year average to keep storage levels above 33% in the event of low LNG inflows.
Russian gas is especially useful in view of the increase in consumption in winter and in the event of exceptional events. In case of events of an extreme nature, suppose sabotage to the Russian gas pipeline coming from Ukraine or an extremely cold winter – explained the Minister for Energy Transition – it is clear that we must be ready to strengthen the savings plan. We have already exceeded 90% of stocks and new supplies from Algeria have tripled.