Europe’s Gas Shortage Could See Rest of World Paying Larger Heating Bills This Winter: Experts

Europe’s Gas Shortage Could See Rest of World Paying Larger Heating Bills This Winter: Experts
Natural gas reservoirs are seen under construction at the port of Sabetta in the Kara Sea shore line on the Yamal Peninsula in the Arctic circle on April 16, 2015. Kirill Kudryavtsev/AFP/Getty Images
Katabella Roberts
Updated:

Europe’s record low supply of natural gas could see the rest of the world paying larger heating bills in an effort to stay warm this winter, experts warn.

Natural gas prices have risen more than 35 percent in the past month amid lower supplies and a surge in demand as pandemic-hit economies around the world reopen, prompting fears that there is simply not enough gas stored up for the winter if temperatures were to be particularly cold in the northern hemisphere.

Katabella Roberts
Katabella Roberts
Author
Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
Related Topics