Natural gas shipments
US natural gas exports to Europe have surged.
  • A colder winter and lower gas exports from Moscow would bring energy uncertainty back to Europe.
  • That's according to the International Energy Agency, which downgraded its outlook on gas demand.
  • Lower global LNG availability could leave Europe gas reserves at under 20%. 

The European commitment to stave off a future energy crisis may not be enough, as full natural gas inventories are insufficient against the threat of curbed Russian exports, the International Energy Agency said. 

According to a Monday report, ruptured trade with Moscow and a colder winter may leave the region on thin ice, despite gas reserves heading for 95% of working capacity.