EU Must Extend Gas-Demand Cuts Before Next Winter, Bruegel Says
- ‘Europe is not yet out of the woods,’ think tank says in study
- Next two years will be ‘tightrope walk’ for EU energy security
Energy use in the La Defense business district in Paris.
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The European Union needs to prolong measures to curb natural gas demand to ensure it can make it through next winter, especially in the event of a full cutoff of Russian supplies, according to the Bruegel think tank.
The prospect of a full-blown energy crisis in the EU has receded as a result of emergency measures put in place last year and mild weather. But the picture for next winter is less clear, with the region likely to have to compete for liquefied natural gas with China as the country emerges from Covid curbs.