“…barring the same higher-than-average temperatures as last year, this winter Europe will have a natural gas deficit of at least 60 billion cubic meters. In other words, it’s not inconceivable that another gas crisis is around the corner — and it might be even worse than last year’s. As the Ukraine war drags on, even the few safeguards put in place are coming undone. Instead of being diluted by diplomacy, the repercussions of this conflict have merely evolved.”