Financial Times expects blackouts in Europe in 2023

Blackouts in Europe could happen before April if the weather is cold enough, but next winter is the bigger challenge, Report informs via The Financial Times.

In 2022, Russian gas flows were largely intact until June; in 2023 they will be close to zero, FT says.

“Liquefied natural gas will struggle to cover the shortfall. Offsetting the risk is Europe’s backwards shift from gas to coal. France’s nuclear plants should have fewer maintenance issues. But the energy system has been straining for 18 months. The risk of something breaking is increasing,” FT experts say.

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