2022-11-24 17:15:47

IEA Chief Sees Energy Crunch for Europe Next Winter

Logo U.S. News & World Report
U.S. News & World Report
By Associated Press

By FRANK JORDANS, Associated Press

BERLIN (AP) 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 Russian gas supplies to Europe may end completely next year, while China's demand for liquefied natural gas looks set to rebound as its economy recovers from the pandemic.

Continue read on usnews.com

Logo Bloomberg
PoliticsBy Michael Winfrey2022-11-15 11:45:29
The European Union is prepared to navigate an energy crisis this winter without much difficulty, according to a prime minister who’s arguably the bloc’s most...

Logo U.S. News & World Report
PoliticsBy Associated Press2022-11-03 15:02:50
By DAVID McHUGH, AP Business Writer FRANKFURT, Germany (AP) Europe could face a severe natural gas shortage next year and needs to act now to reduce use, the...

Logo CNBC
EconomyBy Natasha Turak2022-11-01 04:28:32
Key Points For this winter, Europe's gas storage is more than 90% full, according to the International Energy Agency, providing some assurance against a...

Logo U.S. News & World Report
PoliticsBy Associated Press2022-11-24 12:07:33
By RAF CASERT, Associated Press BRUSSELS (AP) On winter's doorstep, European Union nations have not been able to surmount bitter disagreements as they...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-10-27 04:43:34
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide LONDON : The...

Logo CNBC
EconomyBy Silvia Amaro2022-10-28 10:12:42
Key Points Russia's invasion of Ukraine pushed natural gas prices to trade at historic levels back in August. However, these have significantly come down...

Logo Fortune
Business / FinanceBy Will Daniel2022-10-31 17:06:09
European natural gas prices have dropped recently, but don't expect an easy winter. Experts say the energy crisis is just beginning.

Logo The Economist
Business / FinanceBy The Economist2022-10-30 20:02:37
I N MID-OCTOBER, OFF the Spanish coast, a number of slow-moving metallic domes emerged on the skyline. They were tankers, pregnant with superchilled...

Logo CNBC
EconomyBy Anmar Frangoul2022-10-27 10:24:06
Key Points The newest edition of the IEA's World Energy Outlook comes at a time of significant uncertainty and volatility in global energy markets. According...

Logo CNN
Business / FinanceBy Anna Cooban2022-10-27 11:30:24
London CNN Business — Global fossil fuel emissions are expected to peak in 2025 as countries commit huge sums of money toward low-carbon fuels, according to...

Logo The New York Times
Business / FinanceBy Stanley Reed2022-11-16 05:00:08
Chilled gas from the United States has helped replace fuel from Russia, upending European energy markets. The lights in Europe are being kept on by giant...

Logo Fortune
Business / FinanceBy Alena Botros2022-11-14 20:03:17
What we as a sector expect [and] what I would expect is some sort of support to continue beyond April so that we dont end up with a cliff edge, OVO CEO Raman...

Logo Fortune
Business / FinanceBy Vivienne Walt2022-11-22 10:00:00
The OECD says the true scale of the worlds economic woes will only become clear in 2023, when the organization predicts a significant slowdown for the global...

Logo The New York Times
ScienceBy Max Bearak2022-10-27 09:00:26
Officials from Algeria to Mozambique say they hope to take advantage of an abrupt change in a long-unequal relationship. European leaders have been...

Logo The New York Times
Business / FinanceBy Liz Alderman2022-11-01 04:00:12
A flotilla of tankers carrying liquefied natural gas have been parked in a maritime traffic jam off the coast of Spain in recent days, waiting to unload...

Logo Daily Mail
Business / FinanceBy Angharad Carrick2022-11-12 07:00:49
Millions of British households are expected to struggle with their energy bills this winter. Issues with gas supplies have been well-documented over the past...

Logo U.S. News & World Report
PoliticsBy Associated Press2022-10-27 09:14:46
By SIBI ARASU, Associated Press BENGALURU, India (AP) Spiraling energy costs caused by various economic factors and the Ukraine war could be a turning point...

Logo Fortune
Business / FinanceBy Tristan Bove2022-10-27 20:39:20
IEA says the global energy crisis could prove a 'definitive turning point' and spur a green energy revolution.

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-09 21:55:46
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide BRUSSELS:...

Logo Daily Mail
Business / FinanceBy Angharad Carrick2022-10-31 08:03:06
We are now all too familiar with how gas prices have increased over the past year and a half. Since coming out of the pandemic demand for gas has gone...