Fatih Birol, executive director of the International Energy Agency (IEA), said Wednesday that the European Union could face a shortage of about 27 billion cubic meters of gas in 2023, or about 6.8 percent of the bloc's benchmark total gas demand.
The International Energy Agency (IEA) held the offline launch of its report "How the EU can Avoid Gas shortages by 2023" in Brussels on the same day. At a joint news conference with European Commission President Ursula von der Leyen, Mr. Birol said the unusually mild early winter weather in Europe was not certain to continue, Russian gas supplies could decline further and global liquefied natural gas supplies were expected to tighten. These three things add up, and the EU could have a problem.
According to the report, the IEA proposes a series of practical short-term measures to improve energy efficiency, such as renovating buildings and using LED lights in street lamps.
Birol said energy security issues have overtaken ecological issues as the main driver of renewable energy deployment in the European Union.
Von der Leyen said the EU would step up efforts to buy liquefied natural gas in 2023, implement a joint procurement mechanism and expand and accelerate the deployment of renewable energy to combat energy shortages.
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Fatih Birol, executive director of the International Energy Agency (IEA), said Wednesday that the European Union could face a shortage of about 27 billion cubic meters of gas in 2023, or about 6.8 percent of the bloc's benchmark total gas demand.…
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