The main topics of the international event of the Eurogas professional association – the conference “Czech Republic: The Energy Transition and the Role of Gas”, which took place on December 7, 2022 in Prague, were overcoming the deficit of the gas market in Central and Eastern Europe (CEE) and using opportunities, arising in the conditions of the gas supply crisis.
In the context of the gas supply crisis, Argus experts consider the following three scenarios in the short term: optimistic – the transit of Russian gas continues both through Ukraine and Turkey with a total supply volume of 75 million cubic meters per day; basic – only Turkish transit continues with a volume of up to 38.5 million cubic meters per day; pessimistic – the supply of Russian gas through pipelines to Europe is completely stopped. Thus, the role of Russian gas remains crucial when experts forecast the European gas balance and price indicators of the energy market in the short term.
The main topic of the international event of the Energy Community – “17th Gas Forum”, which took place on October 4-5, 2022 in Ljubljana, Slovenia, was the rebalancing of the European natural gas market in the post-Russian period. Representatives of EU government institutions and managers of leading gas industry companies take into account that in the short term there is no possibility to completely replace the import of Russian gas, and the lack of energy resources during 2023 may lead to significant negative consequences for the European industry.
The main topic of the international event organised by the Slovak Gas and Oil Association (SPNZ) – “Central European Gas Congress”, held on September 22-23 in Bratislava, was the crisis of natural gas supply to the countries of Central and Eastern Europe (CEE).
In the event of a complete cessation of the supply of Russian gas through the territory of Ukraine and the “Nord Stream” gas pipeline during the winter season of 2022/23, such countries as Slovakia, Hungary, Austria and the Czech Republic will experience an energy crisis with significant negative consequences in the economic and social spheres.
The unfavorable global economic situation and the high dependence of the Slovak economy on exports may cause an economic recession in Slovakia, which will last, according to preliminary estimates, until 2025. According to the Ministry of Finance of the SR, as of 01.07.22, according to the results of 2022, the country’s GDP is expected to grow by only 1.7% (with an average in the EU of 2.7%), and inflation is expected to be at least 12% (with an average in EU 8.3%). According to the results of 2021, the Slovak public debt increased to 63% of GDP.
According to Richard Sulík, the Minister of Economy of the Slovak Republic (SR), there are no threats in the field of energy security of the SR, and the country is prepared to meet the needs of industry and the population with natural gas during the winter period of 2022/23, even in case of a complete gas supplies shutdown by Russia via the Ukrainian route.
Slovakia belongs to a number of EU member states whose economy is in a state of greatest decline in the conditions of the Russian-Ukrainian war. The combination of such factors as the unsuitability of the Slovak economic model to rapid decarbonization (85% of fossil fuels in the energy mix), the orientation of the economy to the export of automotive and chemical industry products, high dependence on the import of primary energy sources from Russia (up to 80%), leads to significant negative socio-economic consequences.
Taking into account the results of Cepconsult’s participation on 14.06.2022 in the annual international event of the Eurogas professional association – conference “Moving forward to decarbonisation” in Brussels, Belgium and on 16-17.06.2022 in the international expert event of the “Slovak Gas and Oil Association” (SPNZ) – conference “Safety, technical and economic problems of the Slovak gas sector” in Žilina, Slovak Republic (SR), we considered the prospects of diversification of sources and routes of supplying the SR with natural gas.
During the international conference of the Slovak Oil and Gas Association (SPNZ) on “EU Fit for 55 Strategy and Support for Renewable Gases”, organized jointly with Slovakia’s leading gas company SPP a.s. On February 22, 2022 in Bratislava, the progress of the Veolia renewable gas production project in Slovakia was presented.
According to an employee of the Slovak energy company Veolia Energia Slovensko, a.s. M.Tricko, on the territory of Slovakia near town of Žiar nad Hronom a promising project for the production of renewable gases is being implemented. It will consist of two production lines for the production of biomethane and hydrogen.