Refilling UK gas stores in 2023 will be a tough ask, says top academic

Refilling UK gas stores in 2023 will be a tough ask, says top academic

European oil and gas shortages could be on course to worsen next year when sanctions against Russia properly manifest themselves.

Aberdeen University’s leading petroeconomist says some countries were still able to use Russian supplies to top up their fuel stores in the summer.

But with the impact of sanctions against the Kremlin – rolled out following Putin’s attack on Ukraine – likely to materialise fully in 2023, Professor Alex Kemp says there will be little, if any, slack in the market.