Page 105 - RusRPTNov22

A new Russian-alternative gas pipeline has opened in Europe. The new gas pipeline between Bulgaria and Greece became operational on October 1. The IGB interconnector will change the rules of the game in the European energy market and provide independence from Russian gas, European Commission President Ursula von der Leyen said. The €240M project connects Bulgaria with the Southern Gas Corridor and the Trans-Adriatic Pipeline (TAP). The new pipeline will make it possible to supply gas from various sources to Southeast and Central Europe countries, including Moldova and Ukraine. The IGB pipeline's length is 182 km, including 31 km in Greek territory, with a volume capacity of threebn cubic metres per year. The capacity can be increased to fivebn cubic metres by building a compressor station in Greek territory, which will also ensure reverse operational capability. Moreover, onebn cubic metres of Azerbaijani gas will be transported through the pipeline to Bulgaria.
The Netherlands is going to reopen the largest gas field in Europe.
Bloomberg writes that the Groningen field has enough unused capacity to replace most of the fuel Germany previously imported from Russia. Currently, the lot is in the process of being closed, and the Netherlands has so far rejected calls to increase production volumes. Dutch Mining Minister Hans Wijlbrief said that the lack of gas and problems with heating hospitals, schools, and homes could force the country to reverse course and open the deposit. Shell, one of the field operators, estimates that the additional flow that can be obtained immediately can replace the 46bn cubic metres of gas imported by Germany from Russia last year. After half a century of operation, the field still has about 450bn cubic metres of extractable gas worth about $1T. There is an opportunity to extract approximately 50bn cubic metres per year.
EU has reduced its Russian gas consumption by 500%.According to
105 RUSSIA Country Report November 2022 www.intellinews.com