Previously dominant, gas supplies from Russia have since late August been greatly reduced, meaning the task of refilling storage will be much harder when levels are depleted by early next year. The expense of buying gas on the open market rather than through contracts negotiated at favourable prices will also be harder to bear for governments weakened by months of steep energy costs that have driven inflation to multi-decade highs.
The hardest part is yet to come for gas-hoarding Europe | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Europe faces a much tougher task to rebuild gas stocks next year compared with this winter, meaning energy bills are likely to stay high and governments could have to implement painful rationing measures they have so far avoided. Previously dominant, gas supplies from Russia have since late August been greatly reduced, meaning the
Europe faces a much tougher task to rebuild gas stocks next year compared with this winter, meaning energy bills are likely to stay high and governments could have to implement painful rationing
The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.