Europe could get through next winter without Russian gas - study
- Economy
- DPA
- Published Date: 09:00 | 04 March 2022
- Modified Date: 09:06 | 04 March 2022
Europe could get through the next winter without having to use any Russian natural gas, under certain conditions, according to a study by Aurora Energy Research consultancy, on the ninth day of Russia's invasion of Ukraine.
The analysts assume there would be a 109-billion-cubic-metre shortfall of natural gas, or some 38% of all gas supplied to the EU.
Other supplies and reductions in gas consumption would be needed to fill this gap, the consultancy said. Alternative supplies could be increased through a combination of more liquefied natural gas and pipeline imports and more domestic gas production, it said. Gas storage would also play a key role.
The consultancy's calculations are based on the assumption that storage facilities will be 90% full at the beginning of the coming winter, with storage likely to cost up to $109 billion, and requiring government backing. Significant consumption cuts would be needed, by business and households alike.
The analysts assume there would be a 109-billion-cubic-metre shortfall of natural gas, or some 38% of all gas supplied to the EU.
Other supplies and reductions in gas consumption would be needed to fill this gap, the consultancy said. Alternative supplies could be increased through a combination of more liquefied natural gas and pipeline imports and more domestic gas production, it said. Gas storage would also play a key role.
The consultancy's calculations are based on the assumption that storage facilities will be 90% full at the beginning of the coming winter, with storage likely to cost up to $109 billion, and requiring government backing. Significant consumption cuts would be needed, by business and households alike.
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