Washington Post forecasts gas price rise
The Washington Post quoted energy analysts predicting a sharp rise in natural gas prices, as a result of significant damage to a major pipeline in the region, which threatens to prolong gas supply disruptions and exacerbate the global energy crisis. They indicated that the affected pipeline was transporting large volumes of gas to Europe, and that its shutdown could lead to a long-term crisis during the winter, amid ongoing negotiations between European and American teams to compensate for the shortfall by increasing exports, with attention on Saudi Arabia's stance regarding increased production. The forecasts also warn that full recovery could take months, as geopolitical tensions escalate, further raising the likelihood of a harsh winter for Europe.
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