The International Energy Agency has been warning for many months that the world is experiencing the first truly global energy crisis in history – and the coming months will be particularly challenging.
The natural gas crisis in Europe has been building for a while, and Russia’s role in it has been clear from the beginning. In September 2021 – five months before Russia’s invasion of Ukraine – the IEA pointed out that Russia was preventing a significant amount of gas from reaching Europe. The Agency raised the alarm further in January, with Executive Director Fatih Birol highlighting that Russia’s large and unjustified reductions in supplies to Europe were creating “artificial tightness” in markets and driving up prices at exactly the same time as tensions were rising over Ukraine.
Following Russia’s attack on Ukraine in February, the IEA has responded rapidly with vital analysis, policy advice and support for governments, including the 10-Point Plan to Reduce the European Union’s Reliance on Russian Natural Gas that was published just a week after the invasion. Dr Birol has provided the latest IEA insights and recommendations to international leaders, including at the G7 Summit in Elmau, Germany, in June and a meeting of the European Commission in July. As Europe’s gas crisis intensified during the summer months, the IEA on 18 July highlighted five immediate coordinated actions the European Union can take to prevent a major gas crunch this winter.
See below for key IEA statements, publications and other communications since September 2021:
21 September 2021
7 October 2021
12 January 2022
- IEA chief accuses Russia of worsening Europe’s gas crisis (Financial Times)
13 January 2022
22 February 2022
3 March 2022
17 March 2022
24 March 2022
- How to cut Russian fossil fuel imports, carbon emissions and energy bills at the same time (Euractiv)
15 April 2022
- Global natural gas demand set to decline slightly in 2022 as Russia’s war disrupts markets and economies
21 April 2022
- Playing my part: How to save money, reduce reliance on Russian energy, support Ukraine and help the planet
24 May 2022
21 June 2022
5 July 2022
- Global natural gas demand set for slow growth in coming years as turmoil strains an already tight market
18 July 2022
- Coordinated actions across Europe are essential to prevent a major gas crunch: Here are 5 immediate measures