The European Union (EU) faces a potential shortfall of almost 30 bcm of natural gas in 2023, according to IEA research.
But the How to Avoid Gas Shortages in the European Union in 2023 report states that the gap can be closed and the risk of shortages avoided through stronger efforts to improve energy efficiency, deploy renewables, install heat pumps, promote energy savings and increase gas supplies.
A Doomsday scenario would see Russian pipeline gas supplies to the EU cease completely from the beginning of 2023 and China’s LNG imports recover to their 2021 levels, leaving EU gas storage facilities around a third full at the end of the 2022-23 winter heating season.
Without the implementation of the actions identified, there is a risk that EU gas storage sites would be less than 30% full by the end of 2023.
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