The International Energy Agency has warned that Europe might see increased trouble regarding its gas deliveries. According to its Gas Market Report targeting the fourth quarter of 2022, the IEA says that EU Member States will have to reduce their gas consumption this upcoming winter in case Moscow completely cuts off deliveries. Russia’s invasion of Ukraine and the significant drop in natural gas supplies to Europe are significantly impacting household users, businesses and economies themselves, not just in Europe, but also in emerging and developing markets as well. To keep gas supplies at an appropriate level ahead of the heating season, the IEA recommends a reduction of 9% up to 13% compared to the five year average. Romania has reached 87% natural gas storage capacity and can also provide assistance to the Republic of Moldova, authorities say.
Eugen Cojocariu, Radio Romania International
