EU Could Survive Without Russian Gas Next Winter, Study Says
- Refilling storage will be challenging, Bruegel’s report shows
- Demand reduction would be necessary if Russia halts flows
The Comprehensive Gas Treatment Unit No.3 of the Gazprom PJSC Chayandinskoye oil, gas and condensate field, Sakha Republic, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
The European Union is capable of going through next winter without imports of Russian natural gas while avoiding serious damage to its economy, according to a new report by Belgium-based think tank Bruegel.
The 27-nation bloc would need to curtail its demand by at least 10%-15% should Russia halt imports altogether following its attack on Ukraine, a transit country for gas flowing to the EU, the researchers said.