Winter Gas Shortages in Europe Likely to Last 3–5 Years, Says Commodities Expert

Europe, which is currently reeling under an energy crisis, could see winter gas shortages last another three years at a minimum according to Ed Morse, global head of commodities research at Citigroup Inc.
“It’ll be somewhere between 2025 and 2027 that we’ll see the prices in Europe coming back to where they were at the beginning of 2021,” Morse said in an interview with Bloomberg while pointing out that capacity for LNG exports does not “grow overnight.” Europe’s current energy crisis has been triggered by Russia curtaining its natural gas deliveries to the region as retaliation for sanctions imposed on Moscow for invading Ukraine….