EU entering winter with lowest gas reserves on record, IEA boss warns

Berlin, Germany – Europe is entering winter with historically low gas reserves and cannot withstand further supply shocks, Fatih Birol, head of the International Energy Agency, has warned, as the US-Israel war on Iran disrupts global supply chains.Speaking to Al Jazeera on the sidelines of an international conference in Berlin on Wednesday, Birol said all regions are being hit by energy disruptions in the Strait of Hormuz but that Europe is particularly vulnerable and will likely face rising costs of liquefied natural gas (LNG) in the coming months – even if peace returns to the Gulf today.Recommended Stories list of 4 itemslist 1 of 4Qatar warns global energy shockwaves from Iran war have yet to peaklist 2 of 4US leaving oil-for-security approach, not Middle East: Envoy Tom Barracklist 3 of 4As Macron visits Gulf, can France forge its own energy-for-security future?list 4 of 4EU revises Arctic strategy as pressure from Russia, US growsend of list“The best day for a ceasefire would have been yesterday,” the energy economist, whose agency advises wealthy member nations and coordinates emergency responses, said.“Normally before the winter, European countries have a lot of gas stocks,...