According to a report by the International Energy Agency, the European Union (EU) may face a gas shortage in the winter of 2023-2024, if Russia stops shipping gas. The report states that the EU still needs to reduce its dependence on Russian gas and urged governments to take more immediate action in saving energy and increasing renewable energy sources. European countries may see a gas shortage in 2023 in 3 cases. These scenarios include Russia permanently halting gas shipments, severe weather conditions during winter, and an increase in gas consumption in China as their economy recovers from the COVID-19 crisis

LIMS explained that until now, Europe has been able to adapt to living without Russian gas. However, such a move comes at a high price for companies and individuals, in terms of production costs and bills. Despite this, solutions and alternatives can be found to continue to withstand the situation.  
LIMS warned that setting a price ceiling on gas within the EU can lead to gas shortages, not due to a lack of supply, but rather due to the policy itself. Companies will avoid selling gas in Europe if the price is too low, and smuggling or black market sales may occur. LIMS suggests that this policy could have negative consequences for Europe. 

LIMS Media Interviews:

• Economic Expert: Wrong Policies In The European Union May Cause Gas Outages, December 21, 2022: Majalla, Article AR