Reported about 17 hours ago
Europe is on the brink of another energy crisis as rapidly depleting gas reserves and potential supply cuts from Russia coincide with increasing gas prices, primarily due to escalating tensions in Ukraine. With inventories declining and rising costs threatening households and manufacturers alike, Europe's struggle to reduce dependency on Russian fossil fuels could worsen if gas deliveries cease. Analysts warn that if gas flows through Ukraine stop, the region may face heightened competition for energy resources, leading to more significant strain on the economy, particularly in energy-intensive countries like Germany.
Source: YAHOO