Next Chapter in Europe’s Energy Crisis — Summer Risks for Gas

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Europe has negotiated through the winter of a crisis that threatened to choke energy supplies and overwhelm its economy, but officials are warning that the squeeze may not yet be over.

Fears of blackouts and freezing homes have fadedBloomberg Terminal for now, and gas reserves remain far fuller than normal. The region is entering a crucial period of replenishing those stockpiles, and avoiding a crunch next winter hinges on its success. It won’t be able to rely on the usually massive supply of pipeline gas from Russia, and EU officials are leaning on companies to end LNG imports from the country.