RT: European gas stocks enough to survive without Russian supplies for a year – OECD

Most European countries have enough stocks to cover for “lost” gas from Russia should there be a major disruption. Hardest hit would be Slovakia, Austria, and Turkey as they rely on Russia for at least 15 percent of their energy needs, OECD experts say.

For Germany, Italy and Poland gas imports from Russia provide about 10 percent of their energy demand, the Organization for Economic Cooperation and Development (OECD) said Tuesday.

A possible shortage of gas from Russia to Europe through Ukraine will not substantially affect the price in the short term as the current level of stocks in European underground storage would cover the deficit for a year, OECD says.

Europe has about 130 billion cubic meters of stored gas ready fill any gap in Russian supplies.
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