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Czechs Tap LNG as Europe Braces for Winter Without Russian Gas

  • CEZ will import gas from Dutch terminal starting in September
  • Industry minister sees chance to reduce dependence on Russia

The Czech Republic is ramping up natural-gas reserves and has secured shipments from new suppliers to mitigate the mounting risk that Russia will not restart a key European pipeline before winter.

State-controlled utility CEZ AS will start importing 3 billion cubic meters of gas per year from a Dutch floating LNG terminal starting in September, Industry and Trade Minister Jozef Sikela told reporters in Prague on Tuesday. That will cover about a third of the country’s consumption and ensure that existing gas reserves will last until March even if Russian gas stops flowing, he said.