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Europe braces for winter energy crunch as gas reserves run low
Europe faces rising fuel costs through winter as Middle East disruptions limit supply and threaten infrastructure, with consumers hit hard unless governments step in.
Why it matters
Higher heating bills add to the cost-of-living anger already driving protests across Europe.
Background
Europe cut reliance on Russian gas after 2022 and turned to imported LNG, including from Gulf producers. That has left it exposed to Middle East supply shocks.
The story so far
- Europe braces for winter energy crunch as gas reserves run low
- European gas prices rise toward 90 euros on Middle East escalation
- European gas prices reach highest level since 2022
- European gas hits four-year high
- European gas tops 101 euros per megawatt-hour
- European gas tops 101 euros as winter looms
Sources
- OilPrice ↗Oct 17, 1:00 PM ET
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