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EurOil                                       NEWS IN BRIEF                                             EurOil


         The uncertainty of the gas market through   Russia is to supply 5.75bn cubic metres of   in September Prime Minister Petr Fiala also
       the summer led to market participants   gas per year to Turkey via the TurkStream   delivered an address to the nation in which he
       focusing mainly on selling gas domestically.  pipeline.                  called on his own cabinet, state organisations,
         Kaasik said: “There were minimal sales in   While Europe, faced with a severe   companies as well as households to revise the
       other countries. For Eesti Gaas it is the same.   reduction in supplies of Russian gas widely   use of energy.
       At present we are clearly feeling a greater   seen as a response by Moscow to European   During his speech Fiala said that Czechia
       responsibility for the Estonian consumer   policy on the Ukraine war, strives to fill its gas   is facing an economic war launched by Russia
       than for the customer in Finland, Latvia or   storage facilities ahead of winter, Turkey last   whose aim is to “threaten social securities
       Lithuania. We have almost never made supply   week announced that its storage tanks were   of Europeans, unsettle their economy,
       offers elsewhere. The same is true elsewhere.”  already full.            undermine citizens’ faith in the state and in
         “In other words, when the situation is                                 democracy as such and to drive individual
       good, the market works. But if problems arise,                           states of the European Union against each
       the market may not guarantee things, then   Czechia focuses on cutting gas   other”.
       it no longer matters who owns the gas, and                                 Sikela and Fiala also continue to stress
       so to speak, neither gas nor money have any   consumption to ease energy   the need for a European solution to the
       ‘nationality’. Well, if trouble is at hand, that’s                       ongoing energy crisis. “We need international
       the case.”                          crisis                               cooperation, because we are not able to handle
         At the Klaipeda terminal, the capacities                               this alone and we don’t have any painless
       were mainly taken on by Lithuanian and   Czech gas consumption during the first eight   solution”, said Fiala.
       Polish companies, he said, despite attempts to   months of 2022 has fallen by 18 percent in   Environmental NGOs continue to criticise
       do so on the part of Estonia.       comparison to the previous year and the   Czechia for not doing enough to tap the
         In order to be competitive in an LNG-  consumption is now at its lowest since 2016,   potential of renewable energy resources,
       based gas market, access to an LNG terminal   according to Minister of Industry and Trade   which could yield results in a short term
       is required, he concluded.          Jozef Síkela. The cabinet is set to announce   span of time, and for focusing on big nuclear
         At the same time, the price of gas has   more measures to help small and medium-  investments which are at best a long-term
       started to fall, Kaasik noted. “The price rose   sized businesses cope with the energy crisis on   solution to energy sovereignty and one with
       steeply until the end of August, after that it   October 5.              a significant financial burden on the public
       actually started to fall. I would like to believe   “We also have some good news, and   finances.
       that Russia’s ‘natural gas war’ will peter out,   the best one is that even though there is no
       and the price will move towards normalcy. It   Russian gas coming since September and
       is still relatively far from that, but the trend   we are speaking about the coldest second   Gas starts flowing through new
       at the moment is quite okay,” he said, ERR.ee   half of September since 2018 we are still able
       reported..                          to cover daily consumption and fill in gas   Norway-Poland Baltic Pipe
                                           storage facilities”, Sikela told media at his press
                                           conference on the state of Czech energy on   Gas began flowing through the Baltic Pipe,
       Turkey said to want Russia to       October 3.                           the new gas link from Norway via Denmark
                                                                                to Poland,  Poland’s gas grid operator Gaz-
                                              Síkela said gas storage facilities are more
       permit delay on gas payments        than 89 percent full, and that filling of   System said on October 1.
                                                                                  Warsaw hopes the Baltic Pipe will ensure a
                                           storage tanks should continue even without
       Turkey, beset by an economic crisis marked   Russian gas and without auctions, which were   smooth transition away from Russian supplies
       by difficulties such as a lack of international   introduced to motivate traders to buy gas and   halted in the wake of the war in Ukraine. The
       reserves, has reported asked Russia for   store it in gas storage facilities.  pipeline is key to securing gas supplies to
       permission to delay some payments for   In September some 150mn cubic metres of   Poland after the Russian gas giant Gazprom
       Russian natural gas.                gas was filled after Czechia was able to secure   stopped deliveries in April in reaction to
         Bloomberg reported the request on Ocober   gas from Norway and overseas. Moreover, if   Poland’s refusal to pay for gas in rubles.
       3, citing people familiar with the matter.  weather impact is taken into account, then the   Requests for sending gas through the
         State-run energy importer and pipeline   gas consumption in September was down by   pipeline on the first day of its operation came
       company Botas wants some of the gas bill   28%.                          in at 62.4mn kilowatt-hours (kWh), Reuters
       payments to be postponed until 2024, one   Earlier this year Czechia rented out   reported.
       source was reported as saying.      capacity in the Dutch LNG terminals through   At full transmission capacity – which
         Ankara already has an agreement with   the country’s majority-state-owned energy   is 10bn cubic metres (bcm) annually – the
       Moscow that will allow it to pay for a quarter   utility CEZ.            Baltic Pipe is expected to supply Poland with
       of the gas it receives from Russia in rubles   In August Czech authorities also seized   roughly the exact volume of gas that used to
       instead of dollars. That corresponds with the   unused gas capacities, some 242mn cubic   be available from Russia before Gazprom’s
       Kremlin’s dedollarisation policy.   meters, at the most modern Damborice gas   unilateral severing of its supply contract.
         Turkey meets up to half of its natural   storage facility operated by Moravian Gas   This year, the Baltic Pipe is expected to
       gas demand with deliveries from Russia. It   Storage JV, part owned by Gazprom and part   supply 5 bcm of gas. Poland says that it will
       constantly, however, attempts to diversify   by Czech MND of the Czech KKCG holding   also find gas on the LNG market or via flows
       the sources of its gas supplies, especially   of companies. The facility was less than 40%   from interlinked gas grids with Germany,
       when bargains can be found. Only last week,   full and no buyer was interested in purchasing   Czechia, Slovakia, or Lithuania.
       Turkish President Recep Tayyip Erdogan   the free capacity.                Warsaw also expects that it will cut gas
       said Turkey would like to see more liquefied   Sikela emphasised the importance of   consumption to 17 bcm in 2022, down from
       natural gas deliveries from the US.  energy savings in coping with the energy crisis  around 20 bcm in 2021.
         Gazprom and Botas at the end of last year   and the ministry lowered room temperature
       signed a four-year agreement under which   to 19-21 degrees at its premises. Moreover,





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