Gas shortages: what is driving Europe’s energy crisis?
If you live in continental Europe or the UK the natural gas that heats your home this October is costing at least five times more than it did a year ago. The reasons are varied: among them are earthquakes in the Netherlands, China’s attempt to clean up its air and Russian president Vladimir Putin’s power politics.
But the impact is clear. The record prices being paid by suppliers in Europe and shortfalls in gas supply across the continent have stoked fears of an energy crisis should the weather be even marginally colder than normal. Households are already facing steeper bills while some energy intensive industries have started to slow production, denting the optimism around the post-pandemic economic recovery.… Seguir leyendo »