The gas price breaks the 100 euro mark: A uncomfortable winter is threatening Europe
A tough competition is raging for the few cargoes from the Middle East, with Russia being ostracized as a supplier. Europe must expect another price surge.
Europe's gas price has risen to over €100 per megawatt-hour, its highest level in four years, due to the ongoing war in Ukraine and tensions in the Middle East. The continent is facing a shortage of natural gas, with European storage facilities only 62% full in Germany, far below the five-year average of 88%. The situation is expected to worsen with rising demand this winter, and experts warn of further price increases and potential shortages.
The US, a key supplier of gas to Europe, has become a less reliable partner after Donald Trump threatened to stop diesel exports.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
