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Experts Warn Gas Shortages Loom in the EU This Winter

2023-10-31 1 Dailymotion

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

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