Europe battles energy crisis amid soaring natural gas prices

Europe's energy industry is in crisis as soaring natural gas prices worldwide hit industries and individuals. The situation in Europe is especially grave, as gas reserves fall to alarmingly low levels and demand ratchets higher with winter approaching.



Follow us:

[harukrentz]

They closed down so many nuclear and coal power plants in the last decade, and then shocked when they found out the prices are soaring???

[earlsinclair]

Please CNA check your facts. Mainly the United Kingdoms is affected, due to the Brexit, they can't easily ask big electricity producers like France and Germany to help them. Around 47% of the UK's gas supply comes from across Europe - predominantly Norway, Netherlands, Belgium, and Russia.

[CT-gmmm]

Oh look green energy doesn’t fill the gap and price controls lead to shortages. Oh my shock.

[mustang]

Is there anything that isn't in crisis these days?

[jordycorvers]

there's no "crisis." the price of gas went up. inflation. supply and demand...

[fynflorentine]

Imagine spending billions shutting down nuclear plants then spending trillions on energy price hikes

[anotherelvis]

Furthermore Europe is partly reliant on Russian gas imports through the NordStream 2 pipe. That was a mistake.

[rennismorian]

Europe exposed it's weakness by depending on the enemy Russia for Gas.Where were the strategists, planners .Weak politicians .As a DP trained person I ask why wait for disaster then to scramble for solution

[Meforutr]

This is what you get when you listen to people who take a marker put a fancy slogan on cardboard then nail it to a stick

[robertrobson]

It's a good jpb everyone got the smart meter to help you be precise with the bills. Now it's estimated. 😂😂😂😂🤷‍♂️

[TomM]

And Putin says, "I got ya."