The European Union could reduce imports of Russian natural gas by more than a third within a year through a combination of measures that would support energy security and affordability and would be consistent with the European Green Deal, according to a new report from the International Energy Agency.
“Nobody is under any illusions anymore,” said IEA executive director Fatih Birol on announcing the release of the report, A 10-Point Plan to Reduce the European Union’s Reliance on Russian Natural Gas. “Russia’s use of its natural gas resources as an economic and political weapon shows Europe needs to act quickly to be ready to face considerable uncertainty over Russian gas supplies next winter. . . . Europe needs to rapidly reduce the dominant role of Russia in its energy markets and ramp up the alternatives as quickly as possible.”