The winter of 2023 could be worse than 2022
Save time by listening to our audio articles as you multitaskMost businesses and households are understandably focusing on staying warm through this winter, not the next one. Policymakers are scrambling to help them with billions of euros. In early September, the German government coalition agreed on a new package of measures worth €65bn , and then added another €200bn at the end of the month.
The Netherlands’ Groningen gasfield is the only potential game-changer in Europe, say experts. It pumped out 42bn cubic metres in 2014, and could still produce 20-25bn, around 5% of Europe’s gas needs, according to the firms that own the concession to exploit the field. But the politics is fraught. The government has been slow to reinforce houses and compensate owners. Now it is putting their safety first.
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