Russian Gas Giant Gazprom Claims Europe’s Energy System Is Unstable

The European energy system is currently unstable and could face challenges and shortages, according to Russia’s state-controlled gas giant Gazprom, whose deliveries to Europe have slumped since the Russian invasion of Ukraine.     “The fact that the systemic deficit has not gone away is manifested not only by the higher price level in 2023 compared to the pre-Covid years, but also by the persistence of a stable contango in the natural gas market,” Reuters quoted senior Gazprom managers Sergei Komlev and Alexander…