BOTTOM LINE

Energy officials say Europe must find ways to save 12 billion cubic meters of gas — equal to about 3% of its annual consumption — over the next 12 weeks to avert disaster.

"This is a big ask, but it does not exaggerate the scale of what is needed," said Fatih Birol, executive director of the International Energy Agency, earlier this week.

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"It is categorically not enough to just rely on gas from non-Russian sources — these supplies are simply not available in the volumes required to substitute for missing deliveries from Russia," he added.

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BOTTOM LINE

Energy officials say Europe must find ways to save 12 billion cubic meters of gas — equal to about 3% of its annual consumption — over the next 12 weeks to avert disaster.

"This is a big ask, but it does not exaggerate the scale of what is needed," said Fatih Birol, executive director of the International Energy Agency, earlier this week.

*

"It is categorically not enough to just rely on gas from non-Russian sources — these supplies are simply not available in the volumes required to substitute for missing deliveries from Russia," he added.

Enjoying Nightcap? Sign up and you'll get all of this, plus some other funny stuff we liked on the internet, in your inbox every night. (OK, most nights — we believe in a four-day week around here.)