“The most difficult winter month will be January, when consumption peaks steadily exceed 1.8 billion cubic meters per day,” RIA Novosti reported.

The company noted that European UGS facilities have historically had the potential to cover these peaks, but questioned their ability to cope with this task at present, given the reduction in pipeline gas supplies from Russia.

Earlier, Hungarian Foreign Minister Peter Szijjarto said that Budapest has enough gas reserves in storage, but for a number of European countries it will be impossible to survive the winter without Russian gas.

Alexander Frolov, Deputy General Director of the National Energy Institute, commented on the situation with gas in Europe in an interview with the Economics Today FBA.