energy crisis

STRATEGIC STOCKS OF OIL, PETROLEUM PRODUCTS AND NATURAL GAS IN CENTRAL EUROPEAN STATES – GENERAL CHARACTERISTICS AND EXPERIENCE OF FUNCTIONING

The article deals with the experience of creating strategic reserves (stockpiles) of oil,
petroleum products and natural gas as a key instrument in ensuring energy security in the
event of a supply crisis and a factor to remain economy functioning in Central European States –
Czech Republic, Slovakia, Poland and Hungary. All these states have common feature – they
are highly dependent on import of oil and gas, most of them have approximately 100 % import
dependency almost from one source – Russian Federation. As result, they are extremely