The head of the International Energy Agency (IEA) has urged the West to prepare for this eventuality as the war in Ukraine continues to undermine the progress made in recent years in relations with Russia. Since the start of the “special military operation”, Europe has moved away from reliance on Russian energy sources, but would still be hit hard if the Kremlin decides to go down this path.
IEA Executive Director Fatih Birol said that even if the Kremlin stops before that mark, it could impose other measures that would harm the West.
He told Reuters: “Given this recent behavior, I would not rule out that Russia continues to find different problems here and there and continues to find excuses to further reduce gas supplies to Europe.
“[It could] maybe even cut it completely.
Mr. Birol underlined: “This is why Europe needs emergency plans”
Considering the consequences of Russia shutting down gas supplies to Europe this winter, Guardian Energy correspondent Alex Lawson said this month that there was “zero chance” that the continent replaces its supply before this date.
Industries across Europe, particularly in Germany, will suffer a severe ‘squeeze’ if a reduction is imposed.
The production of key elements, including steel, would also be severely limited.
Commenting on the UK’s position, Mr Lawson was a little more optimistic.
He noted that “the UK imported just 4% of its gas needs from Russia last year and appears to be fairly well insulated from supply issues.”
The country would however be impacted by “soaring prices”.
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