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Policy & Regulation

Europe’s gas importers brace for winter of uncertainty

Europe has plenty of gas in storage, but a cold spell coupled with disruptions to Russian supplies transiting Ukraine could lead to winter shortages, particularly in southeastern Europe Europe has plenty of gas in storage, but a cold spell coupled with disruptions to Russian supplies transiting Ukraine could lead to winter shortages, particularly in southeastern Europe.
By Andreas Walstad 16 October 2019 Europe & Russia / Supply & Demand 0 34686
Maros Sefcovic (left), EC VP for energy union, with Ukrainian Energy Minister Oleksiy Orzhel at gas supply talks last month. (PA)

Transparency data from Gas Infrastructure Europe shows Europe’s gas storage tanks are on average 98% full and that there is plenty of import capacity available at most regional LNG terminals. Yet a failure by Russia and Ukraine to reach an agreement on a new transit contract when officials meet in Brussels on 28 October would significantly increase the risk of shortages this winter.

Russia is Europe’s largest supplier of gas, and around 40% of the volumes...