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Global energy supplies still vulnerable to shocks, warns IEA

London summit will focus on security of supply and lessons of crisis that followed Russian invasion of Ukraine

The lessons of the energy crisis following Russia’s invasion of Ukraine have not been fully learned, the International Energy Agency has said, as more than 60 global leaders are set to arrive in London for discussions on energy security. 

Sir Keir Starmer, the UK prime minister, will this week host Ursula von der Leyen, president of the European Commission, as well as ministers from the US, Japan, France, Germany and India, and the heads of dozens of energy companies, for a two-day summit on how to ensure resilient supplies of energy in a volatile global market.

Referring to the crisis caused by the loss of Russian pipeline gas from Europe and the rush to source alternative supplies of energy, Fatih Birol, the head of the IEA, said he thought the “lessons from Ukraine have not yet been fully understood”.

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