Slovakia has enough oil and natural gas, for now

The first tanker carrying liquefied gas for Slovakia will arrive in March.

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Slovakia has enough oil and natural gas because the supply of these raw materials from Russia continues without any interruption, said Economy Minister Richard Sulík after the meeting of his ministry’s crisis unit Friday night. He declined to say what impact any sanctions would have and what the closure of oil and gas pipelines would mean for Slovakia, a country which is one of the most dependent on Russian gas and oil outside of the EU. EU.

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“I am in favor of the EU acting as a whole, and before any decision is taken, it is a good idea to discuss it within the EU,” Sulík said.

Slovakia saw no drop in crude oil deliveries from Russia; volumes and pressure in the pipeline are standard. Strategic stocks are high enough to cover Slovakia’s needs for more than 100 days while energy companies Slovnaft and Transpetrol have their own stocks.

In the event of a suspension of oil supplies from Russia, the Slovnaft refinery will secure oil supplies via the Adria pipeline, which goes to Slovakia from Hungary, Sulík noted.

For natural gas, the flow is uninterrupted. The volumes of gas supplied are currently even higher compared to the previous week, said Karol Galek, State Secretary of the Ministry of Economy. Moreover, after the gas crisis in 2009, Slovakia diversified its gas supply routes. Slovakia can also import gas via the reverse flow from Austria or the Czech Republic. Slovakia can also obtain gas supplies via the Slovak-Hungarian gas pipeline.

In response to growing tensions, Slovakia has also started importing liquefied gas by tankers, the first of which is expected to arrive in March with enough gas to cover Slovakia’s needs for a week.

“Of course, bringing gas from America with a tanker will cost more than getting it through a pipeline from Russia,” Sulík said. “But that’s life and we have to learn to live with it.”

Sulík admitted that gas prices would increase due to the war in Ukraine in all likelihood, but he was unable to specify by how much.

Steelmaker US Steel Košice, which produces steel from iron ore and coal imported from Russia and Ukraine, has stocks of both products that can last for 90 days, so it does not expect any problems urgent.

Sulík refused to provide information about nuclear fuel for nuclear power plants in Slovakia imported from Russia because it is classified information.

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