The head of the International Energy Agency has warned that Europe has not yet won its energy war with Russia despite a big drop in gas prices, urging governments to remain focused on conserving and boosting supplies.
Fatih Birol said that while the EU had largely avoided a full-blown energy crisis following Russia’s weaponisation of gas supplies, which had once sparked fears of widespread shortages and blackouts, next winter could prove a greater challenge if the continent suffered colder weather.
“Russia played the energy card and it did not win . . . but it would be too strong to say that Europe has won the energy battle already,” Birol told the Financial Times.
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