IEA head Birol warns EU entering winter with record-low gas reserves, cannot withstand further supply shocks
International Energy Agency (IEA) head Fatih Birol warned that Europe is entering winter with historically low gas reserves and cannot withstand further supply shocks, as the US-Israel war on Iran disrupts global supply chains. Speaking to Al Jazeera on Wednesday, Birol noted that Europe's natural gas storage is only 72% full, down from the usual 90%, and faces rising liquefied natural gas (LNG) costs. He added that Ukraine's attacks on Russian refineries also contribute to a looming diesel scarcity, with about a third of Russian deliveries halted. Birol expressed disappointment that governments did not take necessary measures earlier to diversify energy sources and bypass critical chokepoints like the Strait of Hormuz.
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