๐ญ/๐ฒ ๐ฅ๐๐๐๐ถ๐ฎ ๐๐ผ ๐ฐ๐๐ ๐ด๐ฎ๐ ๐๐๐ฝ๐ฝ๐น๐ ๐๐ผ ๐ฃ๐ผ๐น๐ฎ๐ป๐ฑ ๐ฎ๐ป๐ฑ ๐๐๐น๐ด๐ฎ๐ฟ๐ถ๐ฎ ๐ผ๐ป ๐๐ฝ๐ฟ๐ถ๐น ๐ฎ๐ณ๐๐ต ๐ฎ๐ฌ๐ฎ๐ฎ.
๐๐ผ๐ฒ๐ ๐ป๐ผ๐ ๐ฝ๐ผ๐๐ฒ ๐ฎ ๐๐๐๐๐ฒ๐บ๐ถ๐ฐ ๐ด๐ฎ๐ ๐๐๐ฝ๐ฝ๐น๐ ๐ฟ๐ถ๐๐ธ ๐๐ผ ๐ฃ๐ผ๐น๐ฎ๐ป๐ฑ & ๐๐๐น๐ด๐ฎ๐ฟ๐ถ๐ฎ.
#gas
@JavierBlas
๐๐ผ๐ฒ๐ ๐ป๐ผ๐ ๐ฝ๐ผ๐๐ฒ ๐ฎ ๐๐๐๐๐ฒ๐บ๐ถ๐ฐ ๐ด๐ฎ๐ ๐๐๐ฝ๐ฝ๐น๐ ๐ฟ๐ถ๐๐ธ ๐๐ผ ๐ฃ๐ผ๐น๐ฎ๐ป๐ฑ & ๐๐๐น๐ด๐ฎ๐ฟ๐ถ๐ฎ.
#gas
@JavierBlas
2/6 Poland (40%) and Bulgaria (77%) have traditionally been dependent on Russian Gas (numbers are from 2020 and are estimated somewhat higher for 2021).
3/6 Both countries have planned well ahead. Poland is opening a gas link with Lithuania in May and the Baltic Pipe connecting to Norway is planed to be operational in October.
4/6 Bulgaria is connecting to Greece via the Greece-Bulgaria Gas Interconnector. Commercial operation is planed to start in September. The Tanap pipeline connecting Azerbaijian via Turkey to Greece is operational since 2018.
5/6 Furthermore Poland has planed well ahead with its gas storage as of April 26th at over 75%. Bulgaria gas storage level at just over 17%. However total Bulgarian gas imports are only 3bcm and new Gas Interconnector pipeline has capacity of 3 to 5 bcm.
6/6 This is not to say that there will be no price & economic impacts. Decrease of Russian gas supply does tighten overall supply and could put upward pressure on price. However systemic risk/no gas available to Poland & Bulgaria are vastly overstated.
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