Countries should be ready to cut energy usage by 30% if Russian supplies stop, the IEA says Europe will need to cut as much as 30% of its gas use by mid-February if flows from Russia are halted, the International Energy Agency’s (IEA) chief executive, Fatih Birol told Bloomberg on Tuesday. “Depending on its timing, a complete cut-off of Russian gas supplies to Europe could result in storage fill levels being well below average ahead of the winter, leaving the EU in a very vulnerable position,” Birol stated in emailed comments to Bloomberg. “In the current context, I wouldn't exclude a complete cut-off of gas expor
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