Fuel rationing may be coming to Europe – IEA. The fallout fr | The Paradigm Shift Channel ⏳

Fuel rationing may be coming to Europe – IEA. The fallout from sanctions/supply chains/war is likely to make the current energy crisis worse than the crises of the 1970s. “Back then it was all about oil. Now we have an oil, gas and electricity crisis.

UN Secretary-General called on the world’s advanced economies to eliminate coal infrastructure, citing environmental issues. He also asked all financial institutions to move away from fossil fuel financing.

Finland has continued importing Russian LNG after being cut off by Moscow from its natural gas supply over its refusal to pay in rubles. Finnish Gasum has two different contracts to receive Russian gas. One of them entails pipeline supplies through the Imatra entry point and the other is for liquefied natural gas (LNG) transported by tankers.

Austria’s oil and gas conglomerate OMV has said its recent payment for Russian gas under the new ruble settlement mechanism was successful.