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Europe faces 'unprecedented risk' of gas shortage, IEA says

Summary by Wral News
Europe faces “unprecedented risks” to its natural gas supplies this winter after Russia cut off most pipeline shipments and could wind up competing with Asia for already scarce and expensive liquid gas that comes by ship, the International Energy Agency said.
2 months ago·Berlin, Germany

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Europe faces 'unprecedented risk' of gas shortage, IEA says

European leaders say the cutback in Russian gas is energy blackmail aimed at pressuring governments over their support for Ukraine and sanctions against Moscow. Since Russia halted flows this month through the Nord Stream 1 pipeline running under the Baltic Sea to Germany, it and the parallel Nord Stream 2 - built but never operated after Germany refused to certify it - were damaged in underwater explosions that European governments say are sabo…

2 months ago·Mumbai, India
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Global gas markets to remain tight next year amid supply squeeze-IEA

By Nina Chestney LONDON - Global gas markets are expected to remain tight next year as Russian pipeline gas supplies dwindle and gas demand falls in Europe in response to energy saving measures and high prices, the International Energy Agency (IEA) said on Monday. Natural gas markets worldwide have been tightening since 2021 and global gas consumption is expected to decline by 0.8%

2 months ago·United Kingdom
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Europe faces 'unprecedented risk' of gas shortage: International Energy Agency

The Paris-based IEA said in its quarterly gas report that European Union countries would need to reduce use by 13% over the winter in case of a complete Russian cut-off amid the war in Ukraine.

2 months ago·India
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Experts: Europe faces 'unprecedented risk' of a gas shortage

Europe faces “unprecedented risks” to its natural gas supplies this winter after Russia cut off most pipeline shipments, the International Energy Agency said Monday, warning that European nations could wind up competing with Asia for already scarce and expensive liquid gas that comes by ship.

2 months ago·United States
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Europe faces 'unprecedented risk' of gas shortage, IEA says

Europe is facing unprecedented risks to its energy supply this winter

2 months ago·United States
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Europe faces ‘unprecedented risk’ of gas shortage, IEA says

Europe faces "unprecedented risks" to its natural gas supplies this winter after Russia cut off most pipeline shipments and could wind up competing with Asia for already scarce and expensive liquid gas that comes by ship, the International Energy Agency said.

2 months ago·Washington, United States
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