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The war period, during Russia's invasion of Ukraine, in early 2022, caused a great decline in the exports of natural gas to Europe from Russia. This raised heavy concerns as the European market is highly dependent on the Russian gas resource, leaving the public questioning availability of natural gas to last the winters. However, the union managed to get through the crisis without heavy damage to the economy of the country. The study shows the significant data sets that answer how Europe survived the crisis.

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Scanning through the records of the Eurostat, a European statistical firm has summarized the amount of gas produced, bought, sold, and stored every month in the union. Additionally, collections from the AGIS website of Gas Infrastructure Europe (GIE) have also mentioned a few notable numbers that explain the strategy Europe followed to maintain its pace in the global market. The analysis has compared the records for the last half of 2022, around the average from the year 2015 to 2021.

It stated that despite low gas supply from the Russian suppliers, Europe filled its gas stations with collections provided by other countries, which helped to make up for it. When Russia sent 39 billion cubic meters less than its usual supply during 2022, Europe attained 44 billion cubic meters more gas supply from several other exporters. Some of the gas supply was shipped in the form of LNG, which was stored efficiently by building more gas plants.

The gas consumption by the European market was comparatively lesser during 2022. The winters were warmer, requiring less amount of natural gas for the heating purpose, gradually decreasing the amount of gas consumed during 2022. Additionally, the rising prices of the commodity turned the market to utilize other alternatives to natural gas.

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The European market is dependent on natural gas imports, and it may face adverse situations if there is a surge in the demand rate for the gas commodity. Moreover, countries like China, receiving more natural gas supply, leaving with less amount for Europe, may cause this anticipated crisis in the market. Despite the dependability of the union for gas imports, it can survive the situation by building more storage, locking- long-term gas deals, and reducing consumption by scanning other alternatives on a large scale.

According to Procurement Resource, the European Union is in a well-placed situation where it can prevent the upcoming gas crisis that is expected to occur in the trading market this winter. The country heavily relies on gas import facilities, mainly from the Russian market. Despite the reduction of gas exports from Russia, the country is predicted to manage the upcoming shortage with its storage facilities and switch the energy sources with existing alternatives.