The European Union could face a natural gas shortfall of up to 14 billion cubic meters this winter, equivalent to around seven per cent of the bloc’s demand, amid depleted storage levels and disruptions to global energy supplies, Anadolu reports.
A report by the US-based Institute for Energy Economics and Financial Analysis (IEEFA), shared with Politico, warns that the EU’s gas reserves have fallen to just above 70pc — their lowest level for this time of year since records began in 2011.
The potential deficit could affect energy supplies equivalent to the consumption of 10 million to 12 million European households, raising concerns over higher electricity bills and possible energy-saving measures.
