WoodMackenzie: European gas storage levels will likely be within the five-year range by the end of this winter. If Russian flows continue, the European Union (EU) and the UK will end this winter’s heating season with 27 billion cubic meters (bcm) of gas in storage. Increasing imports from Norway, Algeria and LNG may help to compensate lower gas flows from Russia. Europe Can Survive Throughout Summer Without Russian Gas If Russian gas flows to Europe were interrupted now, Europe would have enough gas to last it through the end of this winter and the following summer without having to curtail demand, energy consultancy Wood Mackenzie said on Friday. European gas storage levels will likely be within the five-year range by the end of this winter, thanks to mild weather, more arrivals of liquefied natural gas (LNG) and sustained imports from Norway, according to WoodMac. If Russian flows continue, the […]