EU Commission and member states confirm no gas supply concerns in the new year

08:11 - 03 January 2025

Current Affairs Reporter

Thanks to efficient preparatory work and coordination in the region and beyond, there are no gas supply concerns, a European Commission's press release says, recalling that 31 December 2024 marked the end of the Russian gas transit agreement via Ukraine.

It adds that in an extraordinary meeting of the Gas Coordination Group held on 2 January, the Commission and the Member States from the Central and Eastern Europe took stock of the situation.

"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" it notes.

Gas supplies, it says, have been secured via alternative routes (Germany, Italy) and through withdrawals from storage.

Moreover, it notes that the European gas infrastructure is flexible to accommodate gas of non-Russian origin, aligning with the REPowerEU objectives and that 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, it adds.

The Commission says that it 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.

(Source: CNA)

EU Commission and member states confirm no gas supply concerns in the new year

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