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Gas Crunch to Haunt Europe for Winters to Come, LNG Lobby Says

  • EU is set to unveil detailed contingency plans on July 20
  • Gas squeeze, high prices may last beyond this winter: GIIGNL

Those expecting Europe’s worst energy crisis in decades to ease after this winter are going to be disappointed, according to a major gas lobby. 

“We might go through the winter of 2022/23 without too much damage -- if we are lucky -- but the next winter will probably be more difficult, and the winter after,” said Vincent Demoury, the general delegate of GIIGNL, the Paris-based group of international liquefied natural gas importers.