Those expecting Europe’s worst energy crisis in decades to ease after this winter are going to be disappointed, according to a major gas lobby. “We might go through the winter of 2022/23 without too much damage — if we are lucky — but the next winter will probably be more difficult, and the winter after,” said Vincent Demoury, the general delegate of GIIGNL, the Paris-based group of international liquefied natural gas importers. While last winter’s milder weather left Europe with higher-than-expected gas inventories for the coming heating season, market prices are soaring on the threat of a winter fuel shortage. A prolonged cut in Russian imports and resurgent demand in China after virus lockdowns will mean replenishing Europe’s storage sites for next year will be challenging, Demoury said Wednesday at an industry gathering in London. Policymakers have acknowledged the risk of an extended gas crisis. The European Commission, the […]