Russia may cut all gas transmissions, IEA warns Europe for countermeasures
IEA warns Europe must have a contingencySLOTplan Cope with Russia's reduction in gas deliveries during the war in Ukraine
On June 23, 2022, Al Jazeera reported that The International Energy Agency (IEA) has said that Russia may cut all gas supplies to Europe. to increase political power during the Ukrainian crisis with further stating that Europe needs to prepare now.
IEA Director-General Fatih Birol said I would not deny that Russia would continue to seek excuses to cut gas supplies to Europe. and may even be completely cut off
He added that This is why Europe must plan its contingency, adding that the new gas cuts could be an attempt to use political power. before winter which is a period of high energy demand
EU sanctions Russian oil and coal but suspends the gas import ban because it still relies heavily on supplies from Russia
In terms of total energy investment in 2022, the IEA said in its report: $2.4 trillion will be invested in this sector this year. This includes record spending on renewable energy. and added that unable to fill supply gaps and address climate change