{"id":28304,"date":"2022-12-27T13:09:24","date_gmt":"2022-12-27T13:09:24","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=28304"},"modified":"2022-12-14T15:02:17","modified_gmt":"2022-12-14T15:02:17","slug":"eu-faces-potential-natural-gas-shortage-2023","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/eu-faces-potential-natural-gas-shortage-2023\/28304\/","title":{"rendered":"EU faces potential natural gas shortage in 2023"},"content":{"rendered":"
The IEA has found that the European Union will face a potential shortfall of almost 30 billion cubic metres of natural gas in 2023. However, this gap can be closed through stronger efforts to improve energy efficiency, deploy renewables, install heat pumps, promote energy savings, and increase gas supplies.<\/p>\n
It is believed that 2023 may be hard for Europe\u2019s energy industry, as Russian supplies could fall further, global supplies of liquified natural gas will be tight, and the unseasonably mild temperatures seen at the start of the European winter are not guaranteed to last.<\/p>\n
The report, \u2018How to Avoid Gas Shortages in the European Union in 2023<\/a>,\u2019 proposes a set of actions that Europe can take to build on the progress made in 2022 to reduce reliance on Russian gas supplies<\/a>.<\/p>\n The report was launched in December by IEA Director Fatih Birol and European Commission President Ursula von der Leyen ahead of the Extraordinary Meeting of EU Energy Ministers and the Meeting of the European Council.<\/p>\n \u201cWe have managed to withstand Russia\u2019s energy blackmail. Our REPowerEU plan will reduce demand for Russian gas by two-thirds before the end of the year, with a mobilisation of up to \u20ac300bn of investments. The result of all this is that we are safe for this winter,\u201d said von der Leyen.<\/p>\n \u201cSo, we are now turning our focus to preparing for 2023, and the next winter. For this, Europe needs to step up its efforts in several fields, from international outreach to joint purchasing of gas and scaling up and speeding up renewables, and reducing demand.\u201d<\/p>\n \u201cThe European Union has made significant progress in reducing reliance on Russian natural gas supplies, but it is not out of the danger zone yet,\u201d said Birol.<\/p>\n \u201cMany of the circumstances that allowed EU countries to fill their storage sites ahead of this winter may well not be repeated in 2023. The IEA\u2019s new analysis shows that a stronger push on energy efficiency, renewables, heat pumps, and simple energy-saving actions is vital to head off the risk of shortages and further vicious price spikes next year.\u201d<\/p>\nReducing reliance on Russian natural gas<\/h3>\n