Europe’s Winter Gas Shortages Set to Last at Least Until 2025

Supply to remain tight until at least 2025 on LNG bottlenecks
Demand destruction is coming to Europe, energy executives say

Citi's Morse: Russia Will Run Out of Markets to Sell Natural Gas Soon

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By Anna Shiryaevskaya, Vanessa Dezem, and Elena Mazneva

September 7, 2022 at 1:21 PM UTC

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While European politicians are focusing on the region’s survival this winter, next year could be worse.

The loss of Russian natural-gas supplies will cause reserves to be depleted faster when temperatures drop in the coming months and make the process of preparing for following heating seasons even more difficult. With no quick fix available, the strain is set to last until at least 2025, according to energy executives.