In the event of a complete halt to Russian gas pipeline deliveries to the European Union and a resumption of Chinese liquefied natural gas (LNG) imports, Europe could face a 30 billion cubic metre (bcm) shortfall of fossil gas next summer, according to a new report published by the International Energy Agency (IEA) on Thursday 3 November.
This shortfall would come at a key time, as it is the period when gas stocks are being filled in preparation for winter.
According to the IEA, the EU...