The head of the Russian state-owned energy giant Gazprom has warned European countries of the consequences of weaning off energy from Russia.
There was “no guarantee” that Europe would survive this winter season, based on its current gas reserves, Gazprom CEO Alexei Miller said Wednesday.
Speaking at the Russia Energy Week conference in Moscow, Miller claimed that gas in Germany’s underground storage will be enough only for between two and two and a half months.
The European gas storage levels is at around “90% full and we are top of the class in that respect,» Czech Minister for Industry and Trade Jozef Síkela said Wednesday, after a meeting of European Union energy ministers in Prague.
Some background: Europe’s energy crisis is deepening as Russia further limits exports of natural gas, forcing governments to spend billions to protect businesses and consumers from soaring bills as the region slides towards recession.