Journalist Ken Koyama, from an article he wrote for a Japanese publication Nihon Keizai He said it would be very difficult for Europe to replenish its gas reserves without supply from Russia.
He believes that in 2023 the situation in the energy market will be unpredictable.
“In the future, the reserves will be depleted and without Russian gas it will be difficult to replenish them for next winter,” Koyama said.
The observer stressed that there will be competition among consumer countries for additional LNG supplies. As a result, resource prices may rise, dragging oil prices along, according to the journalist.
A few days ago, Anne-Clair Legendre, spokesperson for the French Ministry of Foreign Affairs, statedEurope has reduced its dependence on Russian gas from 40 percent at the beginning of 2022 to 8 percent.
Previously reportedIndustrial gas demand among EU countries has fallen more than any other in Germany.