Europe\u2019s heading into winter facing an unprecedented energy squeeze, and politicians are trying to figure out how to stop their citizens freezing.<\/p>\n
If the shortages worsen, European governments could resort to curbing sales of natural gas and power to other regions. An even more extreme scenario could see them halt flows to one another, triggering a political and economic crisis.<\/p>\n
\u201cIf it gets very cold, even within Europe you will see countries say: \u2018I have the gas inside my borders and I am going to pass an urgent safety measure that no one can export for the next two weeks\u2019,\u201d said Marco Alvera, chief executive officer of Italian energy-infrastructure company Snam SpA. \u201cI have been threatened in several countries over the last 20 years. Political priority is to keep your constituency.\u201d<\/p>\n
The European Union\u2019s gas tanks are around 77% full. That is way below what\u2019s normal for this time of year and leaves members especially vulnerable if the winter is severe.<\/p>\n
Read it all<\/a>.<\/p>\n "European governments could resort to curbing sales of natural gas and power to other regions. An even more extreme scenario could see them halt flows to one another, triggering a political and economic crisis."https:\/\/t.co\/BVTcP5BYyt<\/a><\/p>\n — New Money Review (@newmoneyreview) October 22, 2021<\/a><\/p><\/blockquote>\n \n