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Europe: Well-positioned to get through next winter without major gas shortages

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Abstract

Following Russia’s invasion of Ukraine in early 2022 and resulting international sanctions, natural gas imports from Russia to Europe declined drastically to well below their historical averages. This reduction raised concerns about Europe’s energy supply, given its dependence on Russian gas.

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  • Gisela Rua, 2023. "Europe: Well-positioned to get through next winter without major gas shortages," FEDS Notes 2023-08-07, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:96659
    DOI: 10.17016/2380-7172.3365
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    File URL: https://www.federalreserve.gov/econres/notes/feds-notes/europe-well-positioned-to-get-through-next-winter-without-major-gas-shortages-20230807.html
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