European countries scramble to store as much gas as possible before winter as they brace for shortages

Gas prices surged on Monday and the pound and euro slumped after Russia shut down a big pipeline indefinitely.

Russia has used its control of gas supplies to exert pressure on European countries in retaliation against sanctions imposed after its invasion of Ukraine. Gazprom, the Russian state-controlled gas company, closed the Nord Stream 1 pipeline from Russia to Germany on Friday, saying it had found a leak requiring repair.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Ellis Genge: ‘Not everyone’s going to like you – you’ve just got to be yourself’

The England prop has transformed himself into a role model and is…

Ministers face fresh legal challenge over Heathrow airport plans

Critics say plan for third runway runs counter to UK’s legally binding…

Love Island: host Laura Whitmore quits show, citing ‘difficult’ elements

After two years, the Irish presenter will not be returning to the…