IEA Blames Russia for Gas Squeeze Hurting European Economies
- Gazprom is largely responsible for Europe storage deficit: IEA
- Birol advocates mandating minimum stockpiles to secure supply
This article is for subscribers only.
The head of the International Energy Agency blamed Russia for an energy crunch that’s hurting economies across Europe.
Russia could boost gas deliveries to the continent by at least a third from current levels, but it’s keeping spot sales capped despite high prices, IEA Executive Director Fatih Birol said on a call with reporters on Wednesday. That’s the equivalent of 3 billion cubic meters a month, or a new liquefied natural gas cargo arriving every single day.