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Infographic: Europe's energy crisis deepens as Russia chokes gas supply into Q4

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Infographic: Europe's energy crisis deepens as Russia chokes gas supply into Q4

  • Author
  • Andreas Franke
  • Commodity
  • Energy Coal Electric Power LNG Natural Gas Shipping
  • Topic
  • Europe Energy Price Crisis Infographics War in Ukraine

Europe is now in the midst of a full-blown energy crisis, with prices having surged to new record highs in August and the EU pledging gas and electricity demand curtailments.

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The fourth quarter -- and the onset of winter -- will provide the first real challenge for how resilient the sector will be in the face of sharply lower Russian gas supplies and concerns over French nuclear.

With Russian gas now accounting for less than 10% of the EU's gas supply, focus has switched to whether Europe can secure enough LNG to meet demand in Q4, while the weather will be a key determining factor on how much gas storage will be called on.

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