Europe
Opinion

The European Energy Crisis May Be Back Soon

The European Energy Crisis May Be Back Soon
European Commission President Ursula von der Leyen speaks during a press conference after the College meeting on the 'Save gas for a safe winter' package at the EU headquarters in Brussels, on July 20, 2022. John Thys/AFP via Getty Images
|Updated:
0:00
Commentary

European natural gas prices soared almost 40 percent on the risk of a global liquefied natural gas shortage. European wholesale power prices remain below the record highs during the energy crisis, but have steadily climbed as the volatility amid the spectrum of international commodities underscores the fragility of the European energy system.

Related Topics