“There is a risk of supply shortages that could erode economic growth and trigger public discord,” said Henning Gloystein, a director for energy and climate at Eurasia Group, a political risk firm, adding that blackouts are possible in a worst-case scenario. Already, low volumes of gas from Russia, Europe’s main source of imports of the fuel, have helped raise prices in recent months. The buildup of Russian troops on the border of Ukraine, through which Russian gas flows to the West, also has added to concerns about whether gas will run out. Natural gas markets, the root of the problem, remain on edge because supplies are tight, and traders doubt whether the continent has enough of the fuel stored to last a cold winter without disruption. ![]() Europe’s energy crunch shows little sign of easing.
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