OIES warns of winter demand destruction if Russia cuts off gas

摘要

EUROPE might be able to get through the summer using its stored gas reserves if Russia were to disrupt supplies to the continent, but it would face significant demand destruction next winter, according to a report published by the Oxford Institute for Energy Studies (OIES) If Russian shipments were cut to central and western Europe on April 1, 2022 for a whole year, OIES experts said that it might be possible for the region to get through the summer by drawing down on any remaining storage without significant demand destruction.