You're reading: Politico: EU on a ‘tightrope’ as winter gas supply worries increase

The European Union’s natural gas reserves are well under normal levels — and if they don’t fill up by October, the bloc could face a price squeeze if there’s a repeat of last winter’s cold snap, analysts warn. “Going into the current winter with less in storage, Europe is walking a tightrope — and it wouldn’t take a huge gust of wind to knock us off,” said Jack Sharples, a research fellow at the Oxford Institute for Energy Studies.’

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