Gas Shortage   Haunts Europe for Years to Come

A leading international group in the gas sector said that experts who predict that Europe's worst energy crisis will subside after next winter will be disappointed.

“We may get through the winter of 2023/2022 without much damage, but the winter that follows is likely to be more difficult, and the one that follows also,” Bloomberg News quoted Vincent Demore, Secretary-General of the Paris-based International Group of Liquefied Natural Gas Importers.

While the good weather last winter left Europe with more gas stocks than expected for heating in the coming winter season, gas prices are very high in the markets due to fears of fuel shortages in the winter. Demore said at an industry gathering in London that the continued shortage of Russian gas imports and the return of demand in China after the closure related to the Coronavirus (known also as COVID-19) confirm that obtaining gas in the European continent for the next year will be a difficult process that involves many challenges.