Europe may not have enough natural gas to meet demand in a cold winter, especially if Asia’s winter is cold too, unless Russian gas deliveries to European customers are increased, energy consultancy Wood Mackenzie said on Friday. There is a risk that European storage levels could drop to zero in case of colder-than-usual temperatures in the northern hemisphere.
“With only 29 bcm of gas in storage, there is a risk storage levels could drop to zero. If this plays out, Europe would be wholly dependent on Russian flows above existing capacity,”…Cold Winter Will Leave Europe Short On Gas Unless Russia Boosts Supply
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