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Does Europe need full access to OPAL to meet domestic demand?

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Report summary

On February 1st Gazprom reduced flows to OPAL following the decision of the Court of Justice of the European Union to suspend full access. A cold snap in Europe has resulted in an increased call on Russian gas something that increased access to OPAL has facilitated. With access to OPAL now restricted utilisation of Russian pipeline would get as high as 98% should Russia continue to supply at current levels something that will depend upon late winter weather conditions. This might well influence the Court of Justice decision expected by February.

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This report includes 2 images and tables including:

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  • Chart 1: Russian gas flows to Europe* vs capacity
  • Chart 2: Storage levels in Europe*

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