Europe faces the unprecedented risk of shortage of natural gas: IEA

Latest News | The European Union is at risk of an unprecedented shortage of natural gas this winter, the International Energy Agency warned Wednesday. | #shorts #news

Europe faces "unprecedented risks" to natural gas supplies this winter, the International Energy Agency (IEA) said in its quarterly gas report. It said EU countries will need to reduce usage by 13% over the winter in case of a complete cutoff by Russia. On Friday, the EU agreed to mandate reduction in electricity consumption by 5% during peak price hours.

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