6 October 2022 | Other

Gas crisis will get worse in February-March 2023

Natural gas reservoirs in Europe will be emptied during the heating winter season and next year will start with an even more serious energy crisis. The head of the International Energy Agency said it on Wednesday.

Europe's reservoirs are now filled to 90% of their capacities.

According to Fatih Birol, chief executive of the IEA in Paris, 90% of Europe's gas reserves will be enough to get through the coming winter with only minor difficulties and without political or technical shocks.

High winter demand will deplete reserves to 25-30%. Storage capacity will then have to be restocked or Europe will experience problems.

"This winter is difficult, but next winter could also be very difficult," Birol told reporters in Finland.

Company MarketCheese
Gold buy
Period: 30.09.2026 Expectation: 13000 pips
Go long on gold with $4,560 target
Today at 06:44 AM 1
Period: 02.10.2026 Expectation: 3300 pips
Invest in USDCAD ahead of BoC meeting
Today at 06:38 AM 3
Period: 01.10.2026 Expectation: 6200 pips
Invest in Bitcoin up to $85,000
Yesterday at 10:26 AM 28
Period: 01.10.2026 Expectation: 3350 pips
Buying AUDUSD with 0.75000 in sight
Yesterday at 07:07 AM 23
Period: 30.09.2026 Expectation: 500 pips
Selling AUDUSD from 0.71895
Yesterday at 04:43 AM 14
Period: 30.09.2026 Expectation: 825 pips
Go short on USDJPY as safe havens gain ground
Yesterday at 04:43 AM 20
Go to forecasts