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IEA chief sees energy crunch for Europe next winter
Europe should be able to cope with the natural gas supply crunch in the coming months thanks to considerable reserves although the continent could face a bigger energy crisis next winter, the head of the International Energy Agency said Thursday. Fatih Birol said that, barring unforeseen events, “Europe will go through this winter with some economic and social headaches, bruises here and there” as a result of efforts to wean itself off Russian gas and the wider increase in energy costs resulting from the war in Ukraine. “Next winter will be more difficult than this winter” he said. Birol cited the fact that ... (full story)
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- Posted: Nov 24, 2022 12:57pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 187
