Europe Still Faces a Gas Shortage Risk This Year, IEA Cautions
- Continent could see supply gap of 40bcm in worst-case scenario
- Winter 2023-2024 likely to be the real test, IEA’s Birol says
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Europe still faces a risk of natural gas supply shortages this year unless it further curbs demand, according to the International Energy Agency.
The outlook for the continent has improved since last year. But in a worst-case scenario, Russia could halt all of its pipeline gas deliveries to Europe, with LNG supplies tight and weather-related demand increasing.