Europe Faces Difficult Years, But Russia Stands To Lose Energy Showdown ...Middle East

OILPRICE - Economy
Europe Faces Difficult Years, But Russia Stands To Lose Energy Showdown
source : OILPRICE ( Middle East ) () 20
In the European Union this winter, fears of rolling blackouts triggered by Russian energy export cuts amid Moscow’s war in Ukraine have subsided thanks to good luck, good weather, and quick action. A warm start to the heating season in October and November enabled the EU to slash natural gas consumption and store more fuel for the winter months. Meanwhile, slumping Chinese demand due to COVID lockdowns allowed liquefied natural gas (LNG) tankers bound for Asia to be rerouted to the bloc. EU officials also played a role, encouraging countries…

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