Europe should be able to handle the crisis in natural gas supplies in the coming months thanks to significant reserves.
During next year’s winter, however, could face a more demanding energy challenge. Fatih Birol, Executive Director of the International Energy Agency (IEA), said this on Thursday.
“Next winter will be harder than this one,” Birol said, adding that Russian gas supplies to Europe could end completely next year. The situation in The revival of Chinese demand for liquefied natural gas could also harm Europe. Birol argues that “Europe must prepare for next year today”. He added that solidarity between European countries will be key.
Speaking at an energy symposium in Berlin organized by the German government, the head of the IEA said that Russia will “lose the energy war” in the long run. The IEA calculated that by 2030, Moscow will lose one trillion dollars in revenue due to the war in Ukraine.