China poses threat to EU gas market – IEA ...News

European gas prices may surge this year as competition for the fuel intensifies, a report warns China’s economic recovery would trigger a fierce competition on global energy markets and could see prices for natural gas return to “unsustainable” levels in the EU, the International Energy Agency (IEA) warned in a report released on Tuesday. Last year, gas consumption in China decreased due to lower industrial activity and sluggish economic growth amid Covid-related restrictions and surging energy prices, the IEA research said. At the same time, mild winter weather in Europe along with energy-saving measures taken by

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