Home News What steps will Austria take to reduce its dependence on Russian gas?

What steps will Austria take to reduce its dependence on Russian gas?

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According to the quoted source, this plan, which must be approved by the Parliament, also provides for the connection of all storage facilities to the Austrian gas pipeline network and the abandonment of capacities that companies do not use.

In this way, the strategic gas reserve will increase by 7.4 TWh, from 12.6 TWh currently to 20 TWh (plus 58.7%), which will cover consumption for two winter months, informs Agerpres .

The additional volume of gas from the Austrian strategic reserve will not come from Russian sources, the aim being to reduce dependence on Russia, where 80% of the imported quantity comes from.

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“The measure will significantly reduce dependence on Russian gas,” Energy Minister Leonore Gewessler said after the Cabinet meeting.

Austria is trying to reduce its dependence on Russia after the invasion of Ukraine and threats of a possible supply shutdown, although the government has stressed that finding alternative sources will take several years.

Austria currently has 25 TWh of gas in storage, including private companies, which represents 26% of its total storage capacity, and is projected to increase to 80% in the coming months, according to an approved plan to deal with a possible gas shortage.

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The draft law must also be approved by Parliament, where it needs a two-thirds majority. All parties support the initiative, except the ultranationalist FPO, known for its proximity to Russia.

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