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IEA Says Europe Must Act Now to Avoid Winter 2023 Gas Shortages

Started by Epoch-Times-Bot, Nov 04, 2022, 01:15 PM

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Epoch-Times-Bot

Nov 04, 2022, 01:15 PM
IEA Says Europe Must Act Now to Avoid Winter 2023 Gas Shortages

OSLO—Europe needs to act now to avoid a natural gas shortage next year given the loss of Russian supply and expectations Chinese demand will increase, the International Energy Agency (IEA) said on Thursday.
The European Union has succeeded in filling storages to 95 percent ahead of this winter, 5 percent or 5 bcm above their 5-year average, but the IEA said the challenge next year was likely to be greater and there was a danger mild weather had led to a sense of complacency.
“We are ringing the alarm bells for the European government and for the European Commission for next year,” IEA head Fatih Birol told journalists when presenting a report on Europe’s supply-demand balance for 2023/24....

Source: IEA Says Europe Must Act Now to Avoid Winter 2023 Gas Shortages

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