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Europe can reduce the energy cost gap with its competitors, claims IEA’s Fatih Birol

January 21, 2014 - Energy

Leading energy journalist Hughes Belin is joined by Fatih Birol, chief economist at the International Energy Agency, to discuss the World Energy Outlook 2013

In this interview, Birol looks at global energy prices and analyses the big price difference between the US and Europe. “Energy markets are going through very dynamic times. Today gas prices in Europe are 3 times higher than those in the US and electricity in Europe is twice as expensive as in the US“.

The chief economist at the International Energy Agency gives advice on more efficient energy use and the reduction of energy prices in Europe. “If European energy markets were more integrated into each other, they could become more efficient”, claims Birol.

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