Europe is still vulnerable to gas supply shocks despite significant progress in cutting its reliance on Russia, the chief executive of one of Germany’s largest energy companies has warned.
RWE chief executive Markus Krebber said Europe needed to boost its capacity to import gas to make sure it could cope with any unexpected outages on pipelines or import terminals.
The warning came despite Europe entering winter with gas stocks about 99 per cent full after a major effort to fill them up over the summer to cope with cuts to supplies from Russia following Vladimir Putin’s full scale invasion of Ukraine in February 2022.
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