Europe faces blackouts in winter as gas shortages persist, Trafigura CEO Says

Europe faces blackouts in winter as gas shortages persist, Trafigura CEO Says
# 16 November 2021 22:57 (UTC +04:00)

Europe is still low on natural gas and risks rolling power outages this winter if cold weather lingers, the chief executive of Trafigura Group, one of the world's leading energy traders, said on Tuesday, APA reports citing Sputnik.

"We haven’t got enough gas at the moment quite frankly. We’re not storing for the winter period. So hence there is a real concern that… if we have a cold winter that we could have rolling blackouts in Europe," Jeremy Weir was quoted by the Financial Times as saying.

There are fears that natural gas shortages will persist until next spring. Europe depends on gas for electricity and heating after moving to cut carbon-fueled electricity production.

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