While this would not have been seen as out of the ordinary in previous years, the ongoing conflict in Ukraine and the associated freeze in relations between the EU and the Kremlin has led many to question whether this could be a precursor to a total halt of gas deliveries to Europe’s largest economy.
The same question is also being asked in Czechia, a country whose economy is closely intertwined with Germany’s and is moreover highly reliant on Russian gas supplies.
Speaking to Czech Radio, Industry &Trade Minister Jozef Síkela assured the public that a permanent halt in Russian deliveries would not lead to an immediate gas shortage.
- This is because we have sufficient supplies of gas in storage, currently, it is at nearly 75 % of our maximum storage capacity
At the same time, we have also prepared the option of importing LNG by renting out nearly a 3rd’s worth of our country’s annual gas consumption at the floating LNG terminal in the Netherlands
It seems that this terminal will start operating already in September or from October 1
- That said, if gas deliveries to Europe were to cease and if it were shown that this is another attack in the ongoing undeclared energy war that Putin is waging on Europe rather than just a maintenance issue, then it would be an uncomfortable autumn and a very uncomfortable winter
Every household would get a relevant compensation
Since this would be a fixed rate, it would of course be up to each household how they use it
In some cases, households could be eligible for an allocation of up to CZK 20,000 (€817)