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.

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