Europe’s Gas Crisis Deepens | Business and Finance News

Europe’s gas reserves are at a historic low, barely half full, as winter looms and supply chains face major disruptions — from Middle East tensions cutting into Qatari shipments to the EU’s planned Russian LNG ban. With storage projected to dip to just 28% by season’s end, countries like Germany and the Netherlands are especially vulnerable. Europe is racing to buy emergency gas from the U.S. on volatile spot markets, driving prices up — and UK consumers face even steeper bills, since they rely on global LNG pricing and piped gas from Norway, which is also tied to global costs. The only real hope? A milder winter thanks to El Nino — everyone’s holding their breath. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a2f6de281d892a61