DECRYPTION – Tensions on the markets will continue, estimates the International Energy Agency (IEA).
The war in Ukraine is causing a real upheaval in the gas market. In particular, demand should “decrease in 2022 and grow moderately until 2025”judges the International Energy Agency (IEA).
Global gas consumption could thus “increase in total by 140 billion cubic meters (bcm) between 2021 and 2025”that is “less than half of the previously planned total”details the IEA.
Loss of a central role
The invasion of Ukraine by Russia, Europe’s leading gas supplier, and the sanctions imposed in return by Western countries, have created uncertainty about deliveries from Russia to the European Union. Justified fears since Moscow is gradually reducing, under various pretexts, the opening of its floodgates to Europe. The report published on Tuesday expects, in its basic scenario, a decline of more than 55% in Russian gas exports by pipeline to the EU between 2021 and 2025. It also imagines a more alarmist scenario, with a fall of 75% death…
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