The EU could face a major gas shortage if the region is hit by a cold winter, Gazprom CEO Aleksey Miller has warned.
Citing data from Gas Infrastructure Europe (GIE), Gazprom said that as of end-August only two-thirds of the gas withdrawn from European storage facilities last winter had been replenished, after five months of injections. The shortfall of 18.9 billion cubic meters was the second largest on record for that date.
Gazprom, once the EU’s main supplier, reduced its exports to the bloc dramatically three years ago, following Western sanctions and the sabotage of the Nord Stream pipelines. Russian gas exports accounted for 40% of the…
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