Europe Faces Widening Natural Gas Shortfall Next Year, IEA Says

Europe faces a shortage of natural gas in 2023 and could struggle to get even half the amount it needs next summer to refill storage sites, the International Energy Agency warned.  

 

Next year’s supply gap could be as much as 30 billion cubic meters of gas if Russian pipeline flows halt and demand from China rebounds, the IEA said in a report Thursday. The agency repeated its call for measures to bring down gas demand in order to ease the energy crisis.