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Europe energy crisis to last more than a winter amid tight supply: Analyst

Russia's invasion of Ukraine upended energy flows and rippled through global markets, driving up natural gas prices and forcing drastic measures such as Germany nationalizing its biggest importer

power exchanges, electricity, energy
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Russia is needed to balance the market, not just for the upcoming winter, but potentially the following cold spell at the end of next year | Bloomberg

Sharon Cho and Yongchang Chin | Bloomberg
Europe’s crippling energy crisis could extend through the end of 2023 as the region grapples with robust demand and a squeeze in supply exacerbated by Russia’s war in Ukraine, according to Energy Aspects Ltd.
 
“This is not a one winter story,” Amrita Sen, chief oil analyst at the industry consultant, said in a Bloomberg television interview with Shery Ahn and Haidi Lun. Russia is needed to balance the market, not just for the upcoming winter, but potentially the following cold spell at the end of next year, she added.

Russia’s invasion of Ukraine upended energy flows and rippled through

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First Published: Sep 23 2022 | 11:13 AM IST

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