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European Gas Faces 40bcm Shortfall in Worst Case Scenario: IEA

LNG

Europe could still be hit by a natural gas shortage this year, the IEA says.

  • The supply gap could hit 40bcm if Russia cuts all deliveries, LNG shipments are tight and weather boosts demand.
  • This is the EIA’s worst-case scenario – they do not see a shortage in base case scenarios.
  • The IEA highlights four key exogenous risks to the European gas market this year: Russia cuts more supply, China’s LNG appetite returns, global LNG supply outages and next winter is cold.


source: IEA

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