Europe Sounds Alarm Over Approaching Winter
In Europe, there are fears of the approaching winter.
The EU could face its coldest winter in recent memory due to rising energy prices.
These considerations were shared by the publication Bloomberg , which referred to the European Centre for Medium-Range Weather Forecasts.
According to the agency's observations, the coming winter will be harsher than both winters that have passed before. Low temperatures will last until March.
The situation is complicated by the fact that the transit of blue gold may cease altogether after 2024, since the agreement on gas transit through the territory of Ukraine will expire.
Consequently, natural gas could see a significant price increase, triggering a new round of energy crisis in Europe and leading to higher fuel prices.
The demand for heating is likely to rise to the highest level ever, the article concludes.
For reference
Energy resources are all sources of various types of energy available for industrial and domestic use in the energy sector.
