{"id":63119,"date":"2022-07-22T07:20:21","date_gmt":"2022-07-22T12:20:21","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63119"},"modified":"2022-07-22T07:20:21","modified_gmt":"2022-07-22T12:20:21","slug":"iea-chief-europe-must-cut-gas-usage-20-to-survive-winter","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63119","title":{"rendered":"IEA Chief: Europe Must Cut Gas Usage 20% To Survive Winter"},"content":{"rendered":"

IEA Chief: Europe Must Cut Gas Usage 20% To Survive Winter<\/a><\/h3>\n
<\/picture><\/div>\n
\n

After calling on all member states to reduce gas consumption by 15% in the face of the threat of a complete Russian gas cutoff, the IEA says the European Union will need to cut even more in order to get through the winter.<\/p>\n

“Even if there is no single accident…\u00a0#Europe<\/a>\u00a0still needs to reduce its gas consumption about 20% compared to today in order to have safe and normal winter months,\u201d IEA chief Fatih Birol said, issuing what he called a \u201cred alert\u201d for energy markets.<\/p>\n

The short-term issue with the Nord Stream 1 pipeline may have been resolved,\u00a0Birol told CNN<\/a>, but \u201cit\u2019s too early to be happy about this\u201d.<\/p>\n

The amount Europe is receiving now from Russia is only about one-third of what it was receiving prior to the force majeure, and the IEA chief warned that even that reduced flow \u201ccan be cut anytime\u201d.<\/p>\n

After a 10-day pause for regular maintenance, Russian\u00a0gas flows via Nord Stream resumed<\/a>\u00a0on Thursday morning, with orders for gas set at around 40% of Nord Stream\u2019s capacity, the level from before the maintenance after Russia slashed flows in mid-June. Flows early on Thursday were at around 21.5 GWh, compared to 30GWh prior to the start of maintenance on July 11th, and compared to 70 GWh before Russia reduced supplies by 60% on June 13th.<\/p>\n

On Wednesday<\/a>, the European Commission unveiled measures for the bloc to conserve gas to pre-empt a Russian cutoff, asking member states to reduce consumption by 15% until next spring.<\/p>\n

According to Birol, this won\u2019t be enough to ensure a smooth winter for Europe, and there is no alternative to consumption reductions.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

IEA Chief: Europe Must Cut Gas Usage 20% To Survive Winter After calling on all member states to reduce gas consumption by 15% in the face of the threat of a complete Russian gas cutoff, the IEA says the European Union will need to cut even more in order to get through the winter. “Even […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,5],"tags":[12294,281,12300,349,416,433,554,5332,694],"class_list":["post-63119","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-geopolitics","tag-charles-kennedy","tag-europe","tag-fatih-birol","tag-gas","tag-iea","tag-international-energy-agency","tag-natural-gas","tag-oilprice-com","tag-russia"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63119"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63119\/revisions"}],"predecessor-version":[{"id":63120,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63119\/revisions\/63120"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}