Russia May Cut Off Gas Completely, Europe Must Act Now: IEA

Russia May Cut Off Gas Completely, Europe Must Act Now: IEA
Steam rises from the cooling towers of the coal power plant of RWE, one of Europe's biggest electricity and gas companies in Niederaussem, Germany, on March 3, 2016. Wolfgang Rattay/Reuters
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BRUSSELS—Russia may cut off gas to Europe entirely as it seeks to bolster its political leverage amid the Ukraine crisis, the head of the International Energy Agency (IEA) said on June 22, adding Europe needed to prepare now.

“I wouldn’t rule out Russia continuing to find different issues here and there and continuing to find excuses to further reduce gas deliveries to Europe and maybe even cut it off completely,” IEA Executive Director Fatih Birol said in a statement sent to Reuters.