Austria refuses to halt delivery of Russian gas. Gas depots are almost empty



Austria will not be able to sustain Russian gas embargo – informed Austrian Economy Minister Margarete Schrambock. Austria media quote that the gas storage facility near Salzburg are almost empty.




Austrian government “ must not send any signals” in the direction of gas embargo if “we know that we will not be able to sustain it” explained the minister. “Neither we nor Germany will be able to sustain it” she added stating that gas embargo “ would do more harm than good” “We can use Austrian tax money to make provisions for the storage facilities that serve Austrian needs. But we cannot use Austrian tax money to buy gas for Germany, France or the Netherlands” – Schrambock said.



Gas depots in Haidach, near Salzburg owned by Gazprom are now almost empty – in one of them the reserve has practically run out, while the level of filling of the other one is 18%. The target is to fill in the depots in 80% – quote, among others, Austrian public radio and tv broadcaster ORF and the “Courier” daily paper.



According to Margarete Schrambock, the EU could use fracturing technology to produce gas.” There are environmentally- friendly methods of obtaining shell gas. We cannot close our minds and look at the technological condition that was 20 years ago” -she said.



The warehouse in Haidach is the second largest gas depot in Central Europe. Although it is located in Austria, we can call it in practice the German depot. The reservoir, which can store even 2.7 billion cubic metres of gas is connected to the German gas system, not to the Austrian one. The Germans cannot fill in the reserves in the depots. The federal government adopted a law, which, as of this summer, defines minimum level of filling in gas depots. However, it refers only to the warehouses on the territory of Germany. (info:euroactiv.pl)

Read more



About the Three Seas Initiative in Davos



Polish President Karol Nawrocki emphasized in Davos the strategic importance of the Three Seas Initiative as a key platform for infrastructural, economic, and geopolitical cooperation in Central and Eastern Europe. The opening speech of the panel „Three Seas Initiative: geostrategic business opportunities – a bridge to the future – from the Adriatic, the Baltic, the Black Sea to Asia” took place as part of the Leaders Forum powered by Poland during the World Economic Forum in Davos. Former polish president Andrzej Duda participated as well.



President Nawrocki noted that over the course of a decade the Three Seas Initiative has evolved from a political concept into a mature cooperation mechanism that has tangible impact on the regional development.




“Ten years ago, the Three Seas Initiative began as an idea. Up until today it has evolved into a strategic framework for regional transformation, and alliance of innovation and infrastructure, and a symbol of Central and South-Eastern Europe’s maturity and confidence on the world stage” – told the President.



In his address the President also emphasized the strong transatlantic anchoring of the Three Seas Initiative. He stressed that from the very beginning, the Initiative was conceived as an open project, strengthening cooperation between the European Union and partners outside Europe, particularly the United States. In this context, the Three Seas Initiative was presented as a “bridge” connecting a dynamically developing region with global capital, technology, and markets.




” The Three Seas Initiative has never been an inward-looking project (…) it has been strategically anchored in the transatlantic partnership that unites Europe and North America”.



The President drew attention to the geostrategic dimension of cooperation within the Three Seas region in the face of global challenges such as geopolitical instability, pressure on supply chains, and competition for resources. He pointed out that the development of modern infrastructure and the deepening of economic cooperation constitute the foundation of security and long-term growth.



The speech also had a strong economic dimension. The President of Poland underlined Poland’s ambitions to strengthen its position in the global economy and its aspirations to join the G20, highlighting the growing role of the Three Seas region as one of the engines of growth in Europe. At the same time, he invited international investors to actively participate in projects implemented under the framework of the Initiative.



During the World Economic Forum in Davos, President Karol Nawrocki also met with President of the United States Donald Trump. The main topics of their talks were security and economic issues.



THE PRESIDENT’S SPEECH IS AVAILABLE HERE



Photo credit: © Mikołaj Bujak/KPRP, Source: https://www.prezydent.pl/aktualnosci/wizyty-zagraniczne/prezydent-w-davos-o-inicjatywie-trojmorza,113783

Read more