I would break this up and present the five fronts:
1. Every country in Europe has a different situation with natural gas providers....so Germany is at the worst end....with around 50-percent of the gas required....being delivered by Russia. France for example....had only 17-percent (2020) of it's natural gas coming from Russia.
2. A lot of business and industry operations in Germany depend on natural gas, so it wrecks the commercial landscape in planning around this mess.
3. You really can't predict the harsh nature or the moderate nature of this winter. A truly bad winter....would be a problem to overcome.
4. Cost-wise, no one is really confident about a leveling out of natural gas cost.
5. Finally, once you emerge in April 2023....is it over, or do you repeat the entire unpleasant experience in the fall of 2023?
Most all of the public forums featured on German public TV now....center on either the potential electrical crisis, or the natural gas heating crisis. As bad as the Covid period was for all of 2020 and 2021....this now surpasses that era.
Then you add this unknown element....does the coalition government of the SPD-Greens-FDP....bring confidence to the general public on this issue? It's a question that presently....cannot be determined.
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