EU faces gas supply shortage as winter looms

The EU is bracing for a winter gas shortage that could leave it scrambling to replace lost energy supplies equivalent to the power used by 12 million homes, according to new reports. The shortfall raises the prospect of soaring power bills and forced energy saving measures if the bloc fails to find adequate supplies elsewhere. With gas prices at near-four-year highs and supply constrained due to the U.S.-Israeli war in the Middle East, Europe has limited supply options if the coming winter proves as cold as the last.

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