Miller said that gas reserves in European UGS facilities by the spring of 2023 may be only 5%

He said this during his speech at the Russian Energy Week forum.

“The percentage of active gas that is currently accumulated in European storage facilities is rather big – 91%.

But the active volume of gas in UGS facilities in Europe as a whole, and the possibility of UGS facilities in Europe experiencing autumn-winter peaks, are different issues,” Miller noted. 

According to him, “the burden that will fall on UGS facilities in Europe” will be greater than in previous years.

According to very pessimistic weather forecasts, Miller added, about 5% will remain in European UGS facilities in March 2023.

“Yes, Europe will survive the winter, but what will happen to the downloads by the winter of 2023-2024?

And then it becomes clear that the energy crisis did not come for a short time, and its causes are systemic,” he stressed.

Earlier, Oleg Tyapkin, director of the third European department of the Russian Foreign Ministry, said that Germany's complete refusal to import Russian gas within two years would lead to an economic crisis in Germany.