IEA: gas gap narrowing

The risk of a gas shortfall this year has narrowed significantly, according to a new report from the International Energy Agency (IEA). In a pessimistic scenario, a gap of 40 billion cubic meters (bcm) still looms, according to an updated estimate released Wednesday. In a December analysis, the IEA had still put the looming gap at 57 bcm if the EU wanted to fill its storage to 95 percent before the winter of 2023/24.