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The expert warned about the tension in the market due to the attack on the Korenovskaya station

Yushkov: the attack on the Korenovskaya station puts tension on the gas market
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The attack by the Armed Forces of Ukraine (AFU) on the Korenovskaya compressor station, part of the Turkish Stream system, creates additional tension in the gas market. Igor Yushkov, a leading analyst at the National Energy Security Fund, told Izvestia on April 9.

"The attack on one of the Korenovskaya compressor stations introduces additional tension in the markets. Turkish Stream is the last route for the supply of Russian pipeline gas to the European market and to the Turkish market too," the expert explained.

He added that if the pipeline is shut down, some European countries such as Greece, North Macedonia, Romania, Hungary, and Slovakia may experience gas shortages. Bulgaria, which buys up excess fuel from Turkey, may face a similar problem.

According to the expert, for Slovakia, Hungary and Serbia, the situation is complicated by the lack of access to the sea and the inability to immediately use liquefied natural gas (LNG) without prior regasification in the coastal countries. At the same time, Turkey may also join the fight for LNG, which will compete for fuel with European countries.

"Such a scenario is politically unprofitable for Europe: now it is threatening the United States with a reduction in purchases of American LNG due to trade duties. However, in the event of a gas crisis, the European Union (EU) would, on the contrary, have to increase imports of American liquefied natural gas, which would weaken its negotiating position in the trade standoff with the United States," the analyst added.

The Ukrainian Armed Forces attacked the Korenovskaya station earlier in the day. According to the Russian Defense Ministry, the attacks of eight unmanned aerial vehicles (UAVs) were repelled by air defense systems and fire groups, while the station was not damaged.

Alexander Frolov, Deputy Director General of the National Energy Institute, told Izvestia that the Ukrainian Armed Forces' attacks on energy infrastructure facilities in Russia could affect ordinary consumers abroad. At the same time, according to him, the Russian market will not be affected by the consequences of the strikes.

Переведено сервисом «Яндекс Переводчик»

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