Europe faces 'unprecedented risk' of gas shortage, IEA says
Chimneys and a tank are pictured at the BASF chemical plant in Ludwigshafen, Germany, Tuesday, Sept. 27, 2022. (AP Photo/Michael Probst)
Europe faces "unprecedented risks" to its natural gas supplies this winter after Russia cut off most pipeline shipments and could wind up competing with Asia for already scarce and expensive liquid gas that comes by ship, the International Energy Agency said.
The Paris-based IEA said in its quarterly gas report released Monday that European Union countries would need to reduce use by 13% over the winter in case of a complete Russian cutoff amid the war in Ukraine...
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