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Image header Agence Europe
Europe Daily Bulletin No. 13078
Contents Publication in full By article 31 / 37
NEWS BRIEFS / Energy

EU faces chronic fossil gas shortage, warns Shift Project report

06/12/2022 (Agence Europe)If Russian gas supplies were to be cut off permanently, as much as 40% of the European Union’s gas demand would not be met by 2025, according to a report published on Monday 5 December by The Shift Project, a think tank focused on decarbonising the economy. Using data from November 2022 provided by Rystad Energy, the report highlights the fragility of the EU’s gas supply by comparing the assumed evolution of EU gas demand with the share of that demand that can be met by future domestic production, existing import contracts and volumes that can be contracted from Norway and Algeria via pipelines. If Russian supply volumes are quickly restored to their pre-Ukraine invasion levels and accompanied by a sharp decline in EU demand, 12% of EU supply sources will remain unidentified by 2025, 25% by 2030 and 50% by 2035, estimates The Shift Project. See the report (in French): https://aeur.eu/f/4hu (DG)

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