Can Europe make it through another winter? An update on Europe’s gas crisis and a case study on Germany
- In August 2022, Russia cut off its Nord Stream gas pipeline to Europe, triggering an unprecedented gas crisis. But the worst-case scenario was avoided thanks to a mild winter and material efforts in place to save gas consumption.
- However, Europe’s energy supply is still in a state of transition and despite lower risks, some uncertainties persist.
- In this paper we review the current situation in Germany, Italy and France and explore different potential scenarios for this winter.
- We also address France’s nuclear programme and its uranium procurement.