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Europe faces 'unprecedented risk' of gas shortage, IEA says

ABC News LogoABC News2 mo ago

Europe faces 'unprecedented risk' of gas shortage, IEA says

Quick Summary

Gas storage must remain above 33% for a secure winter, according to the IEA, while levels below that risk shortages if there's a late cold snap.

European leaders say the cutback in Russian gas is energy blackmail aimed at pressuring governments over their support for Ukraine and sanctions against Moscow.

Lower levels also would make it harder for Europe to refill storage next summer, while higher reserves from conservation would help lower extremely high prices.


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News Analysis

Category: Nation Politics

Topics: B Weather Business Government and politics Cold waves France Alternative energy industry European Union Eastern Europe Germany Paris General news Energy industry Western Europe Ukraine Electric utilities Russia Oil and gas transportation

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: abcnews.go.com

Readership Location: United States

Published Date: 2022-10-03, 03:39:24

News Timezone: GMT -5:00

Language: English

Original Article Length: 689 words

Reading Duration: 4 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 2788219

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Name: ABC News

Main Topics: NationPolitics

Official Website: abcnews.com

Update Frequency: 17 posts per day

Last Update: 14h ago

Headquarters: United States

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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