Insight
Can Europe cope if Russian gas supply is disrupted?
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Report summary
Since the Russia-Ukraine conflict started, skyrocketing gas prices in Europe have weighed a risk premium of a total interruption of Russian gas flows in Europe. But European storage levels have improved, and winter is ending. So, is Europe now in a better position to cope with Russian supply disruptions? This insight analyses what happens if all Russian supply is disrupted by mid-March, what measures Europe can take in this extreme scenario and assess the possible level of demand curtailments through to 2022 and winter 2022-2023.
Table of contents
- The following reports are an update to the existing report Can Europe cope if Russian gas supply were disrupted? (03 February) based on Europe’s current storage position.
- Can Europe cope if Russian gas supply were disrupted? (10 March)
- Can Europe (EU+UK focus) cope if Russian gas supply is disrupted? (18 March)
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