The European Union will have plenty of gas in stock next winter and the remaining buyers of Russian pipeline gas in central Europe are working on alternative imports in case transit via Ukraine stops from January, analysts and companies said.
Outages at three major Norwegian facilities on June 13 and the resulting spike in European gas prices highlighted the continent’s now significant reliance on Norway’s gas and its vulnerability to supply shocks. [Gas in Transition, Volume 3, Issue 7]
Amid growing confidence that the worst of the energy crisis could be over, there are growing calls for Brussels to do more to eliminate Russian gas supply as part of its upcoming 11th sanctions package.