Europe struggles with crisis as Russia cuts gas

South Africa News News

Europe struggles with crisis as Russia cuts gas
South Africa Latest News,South Africa Headlines
  • 📰 CTVCalgary
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 68%

Europe is struggling to contain an energy crisis that could lead to rolling blackouts, shuttered factories and a deep recession.

The primary cause: Russia has choked off the supplies of cheap natural gas that the continent depended on for years to run factories, generate electricity and heat homes. That has pushed European governments into a desperate scramble for new supplies and for ways to blunt the impact as economic growth slows and household utility bills rise.

There's still some Russian gas flowing to Europe through a pipeline passing through Ukraine into Slovakia, and another crossing the Black Sea to Turkey and then to EU member Bulgaria. Russia started cutting back gas as early as last summer, before the war in Ukraine started. That sent gas prices sharply higher.

Companies warn that they often can't switch overnight to other energy sources such as fuel oil or electricity to produce heat. And, with everyone searching for alternate supplies, fuel oil and coal have also risen in price. Analysts at Rystad Energy say Europe could face a serious electricity shortage as soon as this month. This winter, a worst case of cold weather, low wind generation and a 15% cut in gas use "would prove very challenging for the European power system, and could lead to power rationing and blackouts."

National governments have approved a raft of measures: bailouts for utilities forced to pay exorbitant prices for Russian gas, cash for hard-hit households and tax breaks.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CTVCalgary /  🏆 26. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Energy problems in Ukraine and Europe take centre stageEnergy problems in Ukraine and Europe take centre stageEnergy problems plagued Ukraine and Europe as much of the Russian-occupied region that's home to a largely crippled nuclear power plant was reported temporarily in blackout Sunday.
Read more »

Ukraine's Zelenskyy warns Europe to brace for winter energy crisisUkraine's Zelenskyy warns Europe to brace for winter energy crisisVolodymyr Zelenskyy has told Europeans to expect a difficult winter as the Russian assault on Ukraine leads to cuts in oil and gas exports.
Read more »

Construction PMI data in Europe paints a bleak pictureConstruction PMI data in Europe paints a bleak picture(Kitco News) - The European construction PMI report this morning is showing there is some doom and gloom in the Euro Area. The report said that construction activity have fallen at the fastest pace since 2021. In addition to this, there has been the fastest fall in new work since 2020.
Read more »

Europe energy prices jump as Moscow tightens screw on supply - BNN BloombergEurope energy prices jump as Moscow tightens screw on supply - BNN BloombergEnergy prices surged in Europe after Russia halted its biggest natural gas pipeline to the continent indefinitely, plunging the region deeper into a crisis that could push major economies into recession and force rationing.
Read more »

Europe energy prices jump as Moscow tightens screw on supply - BNN BloombergEurope energy prices jump as Moscow tightens screw on supply - BNN BloombergEnergy prices surged in Europe after Russia halted its biggest natural gas pipeline to the continent indefinitely, plunging the region deeper into a crisis that could push major economies into recession and force rationing.
Read more »

Ukraine's Zelenskyy warns Europe to brace for winter energy crisisUkraine's Zelenskyy warns Europe to brace for winter energy crisisUkrainian President Volodymyr Zelenskyy warned of a difficult winter for Europe, even as he reported progress against Russian troops.
Read more »



Render Time: 2025-03-10 11:56:26