The Ukraine crisis - could gas supply disruptions affect Europe?
New analysis undertaken by Pöyry Management Consulting shows that Europe should be able to cope with a disruption to Russian gas supplies through Ukraine over this coming winter.
As tensions between Russia and Europe have increased over the situation in Ukraine, very real concerns have emerged regarding the security of gas supplies. Whilst there is a longer-term question of whether Europe should consider reducing European dependence on Russian gas, in this Point of View, Pöyry has examined the potential short-term impacts of a curtailment in Russian gas supplies through Ukraine over next winter.
Poyry's new Point of View article, "The Ukraine Crisis - could gas supply disruption affect Europe?
", argues that Europe has sufficient storage capacity and deliverability to make up for the loss of supply through Ukraine. John Williams, Senior Principal said "Whilst Europe has sufficient storage capacity to see it through next winter, it is important to stress that there must be sufficient gas in store at the start of the winter. It is also crucial that gas is able to flow freely to the markets that will need it most and that national security of supply is not used as a reason to withhold storage gas from the market".
John Williams, Senior Principal, Pöyry Management Consulting, UK
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Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and locally in our core markets. We deliver strategic advisory and engineering services, underpinned by strong project implementation capability and expertise. Our focus sectors are power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation, water and real estate sectors. Pöyry has an extensive local office network employing about 6,500 experts. Pöyry's net sales in 2013 were EUR 650 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).