Europe was already facing a difficult and unpredictable winter when it came to its energy supplies as it looks to phase out all Russian imports.
But Russian President Vladimir Putin on Wednesday again threatened to completely stop all supplies, a move which he hinted would leave Europe to “freeze.”
As you can see the chart above price over natural gas price keep increasing and this is affect the Europe as energy crising.
Why Natural Gas Price Rising is happening?
Prices have been at sustained highs since September 2021, first due to Russian supply constraints and concerns over storage, followed by a surge in prices after the Russian invasion of Ukraine on Feb. 24 and cuts in Nord Stream flows.