Kingdom under fire 2 english3/2/2023 ![]() The winter of 2023-2024 will also be particularly critical. If there are no unpleasant surprises, such as pipeline sabotage or an extraordinarily long and cold winter, I think Europe can get through these months: The economy will take a hit, but the European Union can cope if there are no major incidents. Today, almost 90% of European gas stocks are full. Read more Subscribers only Nord Stream: Faced with 'acts of sabotage,' West on high alert to protect energy infrastructure Initially, many governments thought this was too radical. ![]() We made suggestions, such as turning down the thermostat on heaters by 2☌, shortening approval timeframes for renewable energies and postponing nuclear phase-out in some countries. Is Europe ready for winter?Ī few days after the invasion of Ukraine, the IEA presented a plan to reduce Russian gas consumption and prepare for the winter. Oil and gas producers need to think about the consequences of their decision to drive prices even higher. In fact, for the first time in 20 years, the number of people without access to electricity will increase this year – by 20 million. It will only accelerate the slide into a recession that's affecting emerging countries more heavily than advanced economies. In this context, further increases in oil prices aren't the right way to go, as they're adding fuel to the fire. Our world has never experienced an energy crisis of such magnitude and complexity. What do you think of the decision of the Organization of the Petroleum Exporting Countries (OPEC) on Wednesday, October 5, to significantly reduce its production? With Europe plunged into an unprecedented energy crisis and the security of its supply under threat, the executive director of the International Energy Agency (IEA), Fatih Birol, called for solidarity among European countries and emerging economies. Subscribers only Fatih Birol, executive director of the International Energy Agency, in Paris on October 3, 2022. In an interview with 'Le Monde,' Fatih Birol warned of the risks of a lack of European solidarity in the management of the current energy crisis.īy Marjorie Cessac and Perrine Mouterde Published on Octoat 18h13, updated at 18h16 on October 9, 2022 International Energy Agency executive director: 'Replenishing gas stocks in 2023 will be a big challenge'
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