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Europe to feel worst of energy pain early 2023: Rystad Energy note

ON the current trajectory, Europe's gas pain will hit hard in the first quarter of 2023 as storage levels decline to zero, while just how hard will depend on LNG imports and the weather forecast, consultancy Rystad Energy said yesterday in a note.

Tim Daiss

Europe to feel worst of energy pain early 2023: Rystad Energy note

With flows via Nord Stream 1 stopped, Europe is now facing its worst-case gas scenario, the note says. Russian state-run gas giant Gazprom has now stopped all gas flow from its massive gas pipeline that...

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