European natural gas prices soar: What it means for your winter bills

After 2022, Europe made itself a promise: never again would its winter depend on a country at war.

While public attention has been mostly focused on oil and diesel, a potentially more serious squeeze has been building through natural gas.

Analysts now warn that Europe may have to cut its gas consumption to get through to the end of March, as storage levels head into winter at their lowest for the time of year on record.

“Wind output and temperatures will determine how tight Europe’s gas supply becomes this winter and how high prices go,” Ana Maria Jaller-Makarewicz, lead energy analyst for Europe at the Institute for Energy Economics and Financial Analysis (IEEFA), told Euronews.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →