All news

Europe may face gas shortage in winter of 2023-2024 — IEA

"Europe could face a gap of as much as 30 billion cubic meters of natural gas during the key summer period for refilling its gas storage sites in 2023," the International Energy Agency said in its report

PARIS, November 3. /TASS/. European countries may face the gas shortage in winter of 2023-2024, the International Energy Agency said in its report.

"Europe could face a gap of as much as 30 billion cubic meters (bcm) of natural gas during the key summer period for refilling its gas storage sites in 2023," IEA said.

"With the recent mild weather and lower gas prices, there is a danger of complacency creeping into the conversation around Europe’s gas supplies, but we are by no means out of the woods yet," said IEA Executive Director Fatih Birol.

"When we look at the latest trends and likely developments in global and European gas markets, we see that Europe is set to face an even sterner challenge next winter. This is why governments need to be taking immediate action to speed up improvements in energy efficiency and accelerate the deployment of renewables and heat pumps - and other steps to structurally reduce gas demand," he added.