Only Russian Gas Can Save Europe in Cold Winter, WoodMac Says
- Extra supply will be needed amid a cold winter: Wood Mackenzie
- A mild winter would leave some gas in storage and ease prices
The Gazprom Slavyanskaya compressor station, the starting point of the Nord Stream 2 gas pipeline, in Ust-Luga, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Europe may face gas shortages this winter if the cold weather depletes storage levels to zero, leaving the region entirely dependent on additional flows from Russia, according to consultant Wood Mackenzie Ltd.
If Europe and Asia experience cold winters, there won’t be enough gas to meet demand unless extra volumes flow from Russia, Massimo Di-Odoardo, vice president for gas and LNG research at Wood Mackenzie, said in a note.