Experts Warn , Gas Shortages Loom , in the EU This Winter.
'The Independent' reports that a new study has warned
that countries in Europe may face gas shortages this
winter amid increased demand for gas in China.
According to energy consultancy
Cornwall Insight, China's demand for gas
has already climbed by about 6% this year. .
The reduced competition helped the EU stave off
the impact of Russia shutting off pipeline gas as part
of its invasion of Ukraine in February of 2022.
The reduced competition helped the EU stave off
the impact of Russia shutting off pipeline gas as part
of its invasion of Ukraine in February of 2022.
In a landscape of increasing
global competition, Europe’s LNG
supply faces growing uncertainty, Dr Matthew Chadwick, Lead research analyst
at Cornwall Insight, via 'The Independent'.
A multitude of factors, from weather
patterns to surging demand in Asia,
leave Europe open to potential gas
shortages if it places its faith in
another high-temperature,
low-competition winter, Dr Matthew Chadwick, Lead research analyst
at Cornwall Insight, via 'The Independent'.
Dr Matthew Chadwick, lead research analyst at Cornwall Insight,
called on people in the EU to sign long-term contracts
ahead of time rather than purchasing LNG as needed.
As China’s economic recovery
drives up gas demand and worldwide
events send prices skyrocketing,
Europe can no longer cling to
the illusion of on-demand LNG, Dr Matthew Chadwick, Lead research analyst
at Cornwall Insight, via 'The Independent'.
To secure gas supply this winter,
they must make a concerted
effort to shred their reliance on
short-term, risky LNG purchases, Dr Matthew Chadwick, Lead research analyst
at Cornwall Insight, via 'The Independent'.
'The Independent' reports that much of the world's gas
is transported by pipeline, while liquid natural gas
(LNG) is also transported by ship around the world. .
It is crucial they focus on building strong partnerships, improving infrastructure and securing supply chains, so Europe can safeguard its energy security while working towards its longer-term decarbonisation goals, Dr Matthew Chadwick, Lead research analyst
at Cornwall Insight, via 'The Independent'.
It is crucial they focus on building strong partnerships, improving infrastructure and securing supply chains, so Europe can safeguard its energy security while working towards its longer-term decarbonisation goals, Dr Matthew Chadwick, Lead research analyst
at Cornwall Insight, via 'The Independent'