EU warned of years of high gas prices ahead ...News

Russia Today - Economy
EU warned of years of high gas prices ahead
source : Russia Today ( News ) () 58
The bloc will face serious problems come next heating season, says Russia’s former energy minister Gas prices in the EU will remain high for several more years, Russia’s vice-premier and former energy minister, Aleksandr Novak said on Friday, warning of serious problems across Europe when the autumn-winter period starts. Speaking at the St Petersburg International Economic Forum, he said that the bloc needs to pump another 40-45 billion cubic meters (bcm) of gas before the beginning of the heating season, an amount equivalent to roughly four months’ worth of Russian supplies. In 2021, the EU imported 155 bcm of na

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