Saturday, December 3, 2022

Bloomberg: Europe is ready for winter without Russian gas

by The Kyiv Independent news deskSeptember 27, 2022 4:24 pm
Share

European countries may import almost 40% more liquefied gas in the coming winter year over year and increase purchases next summer by about 14% to rebuild lost inventories, according to BloombergNEF

"Those shipments are enough (for Europe) to cover a complete halt in Russian pipeline flows from Oct. 1," BNEF reported. "Meanwhile, more Russian LNG will go to China, where winter demand is expected to drop 16% from a year earlier."

On Sept. 15, in an interview with the Kyiv Independent, European Commission President Ursula von der Leyen said that the EU’s gas imports from Russia have decreased from 40% to 9% since February and will drop further.

The Kyiv Independent news desk
The Kyiv Independent news desk

We are here to make sure our readers get quick, essential updates about the events in Ukraine.

Independent journalism
for an independent Ukraine
Independence is an expensive currency. Both Ukraine and its journalists are paying a high price to preserve its independence. Support Ukraine's trusted journalism in its darkest hour.