European Commission warns about gas shortage for next year

NOVEMBER 10, 2022

The European Union risks falling short of some 30 billion cubic metres (bcm) of gas during the next storage filling season in 2023, European Commission President Ursula von der Leyen said on Wednesday, Report informs, citing Reuters.

"Russia may decide to disrupt completely its gas supply to Europe. Secondly, the global LNG capacity will not grow fast enough to fill this gap. And thirdly, growth in Asia may absorb most of this additional LNG," she told the European Parliament.