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German Energy Chief Warns of Possible Gas Shortage Next Winter

Germany's gas storage facilities are currently 64% full, and the country has managed to avoid energy shortages this winter, but there is a risk of a gas shortage next winter, Klaus Mueller, the head of Germany's Federal Network Agency, warns. He said that risk factors include a very cold winter in 2023/24, households and companies saving too little, and the LNG terminals not working as planned. Furthermore, he pointed out the absence of Russia’s energy supplies, which made it possible for the country to fill up storage tanks in preparation for the heating season last year, as another risk factor.
Germany Business 20-Mar-2023 Klaus Mueller Cold Weather Gas Storage Facilities Heating Season Energy Crisis

Poland continues to import Russian vegetables despite EU sanctions

Poland has been importing Russian vegetables despite the EU sanctions against Russia, according to reports by Berliner Zeitung. Dozens of trucks carrying Russian tomatoes and cucumbers are arriving at the wholesale market in the Polish town of Bronisze, where they are being sold at prices well below EU-produced vegetables. Polish farmers have been struggling to meet the increased energy costs to power their greenhouses, which have led to a hike in food prices. The annual inflation in Poland has also reached 18.4%, with food prices and energy costs rising at the fastest pace.
Poland Business 20-Mar-2023 Energy Costs Shoplifting Food Prices Sanctions Vegetable Imports Russia Poland European Union

Russia surpasses Qatar and Australia to become China's largest gas supplier

China's customs agency data shows that Russia has become the country's largest supplier of natural gas, surpassing Turkmenistan, Qatar, and Australia. In January, the total supply of Russian gas was 2.7 billion cubic meters, delivered via the Power of Siberia pipeline and liquefied natural gas (LNG) shipments. China's total gas imports in January rose by 1% YoY to 11.3 bcm, largely driven by increased LNG imports, which grew for the first time in 13 months by 7% YoY. Moscow and Beijing also signed an agreement for additional natural gas supplies to China via the Far Eastern Route.
Russia Business 20-Mar-2023 Beijing LNG imports China Moscow Russia