Looming gas crunch becomes ‘historic test’ for Europe, says IEA

European countries must take immediate and coordinated action to prevent potentially devastating natural gas supply crisis As Russian supplies run short this winter, the head of the International Energy Agency warned.

Europe faces a real possibility that Russia will choose completely cut off the gas supply, Fatih BiroliIEA executive director said on Monday. Those supplies are still vital to the region’s economy – from households to heavy industry – despite Efforts to find alternative suppliers,