Sufficient Gas Supplies Ready for Heating Season

Total Croatia News

ZAGREB, October 15, 2019 – There will be sufficient gas supplies for the coming heating season and the gas price will not change this season whereas in the near future it could fall markedly, it was said on Tuesday during a conference organised by the Croatian Gas Association (HSUP).

During HSUP’s annual general assembly the association’s president Dalibor Pudić said that there would be enough gas and end-users can expect secure supplies.

“We have never had a shortage of gas and it will be the same again this season. Suppliers’ storage capacities are full. It is warm now, however, we cannot know what the weather will be like in one or two months’ time even though that is an important fact so that suppliers can know how much gas to order,” Pudić said and added that he did not expect the price of gas to change this season.

He underscored, however, that gas prices in future could change, that is go down.

“I expect that gas prices will change in the future and decrease considering the intensity of LNG production while the production of shale gas has decreased from the preceding period by 55% and so we expect that the expansion in the development of LNG gas will make prices significantly lower,” added Pudić.

He claimed that over the past year the sale of LNG gas on European markets increased by 100 percent.

Assistant Environment and Energy Minister Domagoj Validžić explained that the LNG terminal being built on Krk Island should be up and running by the end of next year along with the completion of the gas pipeline.

“Gas will have an important role as a transition energy source toward completely clean energy,” Validžić said.

More energy news can be found in the Business section.


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