Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as any sabotage of infrastructure or even deeper cuts to Russian supply would make power rationing or blackouts all but inevitable. Even if Europe manages to stay warm and keep the lights on this winter, it will have a much bigger challenge to refill depleted storage next year than it did to meet a European Union goal to build stocks to 80% of capacity by November this year. It has exceeded that goal and storage, currently around 90%, is a buffer, but the halt of gas through the Nord Stream network from Russia to Germany, leaves a gap despite increased […]