PARIS: Europe Russia could face a significant shortage of natural gas by 2023. However, it has some measures that it can take to avoid such a situation. International Energy Agency Monday,
The Paris-based IEAThe energy-consuming countries are advised by the Advisory Board on Policy, estimated that Europe If Russia stops all deliveries, and China’s imports liquefied natural gases (LNG), rebound to 2021 levels, there could be a 23 billion-cubic metres shortfall in natural gas.
This amounts to approximately 6.5 percent of EU’s 2021 gas use.
“The European Union has made significant progress in reducing reliance on Russian natural gas supplies, but it is not out of the danger zone yet,” The IEAFatih Birol, the executive director of’s, was quoted saying this in a statement.
He stated that the circumstances in 2023 would not be as favorable for European countries to fill their gas reserves. This, along with increased purchases of LNG supplies seems to have prevented the risk of shortfalls this winter, despite Russia’s halting all gas deliveries.
It’s unclear if Russia will keep its low level of gas deliveries in 2023. China’s relaxation on its zero-Covid policies could cause an economic rebound as well as increased LNG imports.
“The IEA’s new analysis shows that a stronger push on energy efficiency, renewables, heat pumps and simple energy saving actions is vital to head off the risk of shortages and further vicious price spikes next year,” Birol spoke at an event to launch the agency’s most recent analyses.
These analyses revealed that the supply gap could be significant. can Those additional measures by the EU will close the case.
“Russia’s blackmail has failed,” Ursula von der Leyen (President of the European Commission) spoke at this event.
She called on EU members to approve additional measures to increase energy readiness and called for the purchase of energy in joint transactions.