The IEA said that as new LNG supplies dwindle and Chinese demand rises, there is a risk of energy shortages tomorrow winter.

(Bloomberg file photo)

[Financial Channel/Comprehensive Report] Birol, head of the International Energy Agency (IEA), warned that with relatively little new liquefied natural gas (LNG) entering the market and China's consumption rising this year, there could be an energy crisis next winter. shortage situation.

Birol said on Saturday (18th) that European governments have made many correct decisions in the past year to ensure a stable energy supply, such as building more liquefied natural gas stations to replace Russian gas pipelines.

A mild winter this year and China's energy consumption falling for the first time in 40 years are helping the natural gas shortage.

Please read on...

Birol believes that although this winter has been out of danger, in the next winter, even if Europe has enough natural gas stocks, it may not have enough natural gas imports, so the cold winter is still very difficult for Europe, and natural gas prices may push up again ,

Birol said that even with a new push to develop new gas fields, it will take years to come online. Therefore, he called on households and businesses to continue to minimize the use of natural gas while expanding renewable energy production as soon as possible.

Klaus Mueller, head of Germany's network agency that oversees gas and electricity markets, also said on Sunday that a possible gas shortage next winter could not be ruled out, especially in Germany, which now has to fill storage facilities without Russian pipeline gas.

Birol also warned countries deciding to phase out nuclear energy to reconsider whether now was the best time to do so, saying the temporary delay to April for Germany's last nuclear power plant was the right decision.

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.

related news