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وكالة الانباء الاردنية
European alert on gas supply risks
The European Union has warned that as winter approaches, market pressures on gas supplies are increasing, amid rising fears of supply shortages and rising prices due to regional tensions, declining shipping routes, and disruptions to global trade. The European Energy Commissioner indicated that the bloc is facing a renewed energy price crisis, calling on member states to take urgent measures to conserve energy and reduce demand. Despite this, the union is prepared to face shocks better than in the winter of 2021, when Russia cut gas supplies. The price of liquefied natural gas (LNG) in Europe has risen by 70% since July, reaching around 73 euros per megawatt-hour in September, with projections of an average price around 70 euros for the last quarter of the year. Meanwhile, gas inventories in Northwest Europe are declining, with the bank forecasting they could fall to 19% by March next year, amid the interplay of regional tensions and market volatility.
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