EconomyEU entering winter with record-low gas reserves, IEA chief warns

IEA chief Fatih Birol warned Al Jazeera in Berlin that the EU is heading into winter with gas reserves far below historical averages and little room to absorb further supply shocks. The Iran war is disrupting global energy supplies through the Strait of Hormuz, raising the prospect of higher LNG costs in Europe; EU storage is 72 percent full.

European gasenergy suppliesStrait of HormuzInternational Energy Agency

AAl Jazeera★★★★☆2026-10-23 06:02Original