Energy Consumers Pledge ‘Radical’ Cutbacks in Russian Imports
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A central processing plant for oil and gas in Salym, Russia.
Source: BloombergThis article is for subscribers only.
Major oil and gas consumers have pledged “radical” cutbacks in imports from Russia, the International Energy Agency said at the conclusion of its annual ministerial meeting.
All of the IEA’s 31 members -- which includes the U.S., Japan and Germany -- outlined individual polices and plans to immediately reduce their intake following Russia’s invasion of Ukraine, Executive Director Fatih Birol said at a press conference in Paris. He didn’t specify the intended cuts.