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LETTING STORAGE DROP TOO LOW CAN BE A PROBLEM: As storage caverns become depleted in late winter, the pressure drops and the gas comes out more slowly. This means reserves might not drop to zero, but might supply gas too slowly to meet a sudden surge in demand.
SHORT TERM: European governments are offering cash grants to consumers to cushion the blow. Sweden became the latest on Wednesday by announcing 6 billion crowns ($661 million) to help households hardest hit by rising electricity prices.
LONGER TERM: The solution is to invest more in renewable energy such as wind and solar. Still, officials admit that gas will play a role for years during this transition.
POLITICAL UNREST IN KAZAKHSTAN DOESNâT HELP: The resource-rich Central Asian country supplies the EU with oil â but not gas â and the flow of oil has not been affected by violent protests that have started against fuel prices, but quickly spread, reflecting wider dissatisfaction with Kazakhstanâs authoritarian government.
EUROPE REMEMBERS WHAT A BAD WINTER CAN MEAN: A cold spell at the end of winter in 2018 sent energy prices soaring. Britain has warned that some industrial uses of natural gas-fired electricity could be cut short. We havenât come to that, but nobody wants to see this scenario. Nor a repeat of the January 2009 disruption, when a pricing dispute between Gazprom and Ukraine led to a two-week shutdown in southeastern Europe. It cut gas heating to 70,000 apartments in Bosnia and Herzegovinaâs capital Sarajevo, forcing people to stay with relatives and emptying stores of radiators.
IF ALL ELSE FAILS: EU law requires countries to help each other in the event of a gas shortage. Governments can declare a gas emergency and shut down industrial customers to spare households, harming the economy but sparing a humanitarian and political catastrophe.
In theory, they can demand cross-border gas supplies from each other. In recent years, Europe has built more reversible pipeline links, but not enough to cover the whole continent, leaving some countries more exposed than others.
Yet the system has never been tested and it is questionable to what extent countries would be willing to share gas in the event of a crisis. The European Commission, the executive arm of the EU, is working to revise the rules to include joint gas purchases, but on a voluntary basis, said Ruven C. Fleming, energy law blogger and assistant professor. at the University of Groningen in the Netherlands.
The overhaul âis a pretty clear indication that even those who installed the mechanism donât think it would work very well,â Fleming said.
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This story has been corrected to show that Europe started 2021 with gas storage 56% full, not 2020.

