Conditions that have squeezed global energy supplies, leading to severe shortages that have sent energy and fuel costs soaring may worsen, the head of the International Energy Agency (IEA) has warned.
In particular, as reported by Bloomberg, speaking at a global energy forum in Sydney, Fatih Birol emphasized that “the world has never experienced such a great energy crisis, in terms of its depth and complexity”, warning that “we may not have see the worst yet.”
The entire energy system is shaking after Russia invaded Ukraine in February, when it was the largest exporter of oil and natural gas and a major player in commodities, F. Birol pointed out.
He added that, as with the oil crises of the 1970s that led to huge advances in fuel efficiency and an explosion in the use of nuclear power, the world may see a more rapid adoption of government policies that accelerate the transition to cleaner forms of energy. energy.
But in any case, until then oil and gas supplies will continue to be a challenge for Europe, as for other regions, he pointed out.
“This winter in Europe is going to be very, very difficult,” he said.
Source: Capital
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