Gas shortages hit European countries
Gas prices in Europe have gone up with a new price of 100 euros. Gas prices in Europe have gone up drastically. The Demand for gas is fast rising in Europe.
European countries hit with a gas shortage the new prices has not been seen in more than 5 years. Gas shortage is now a great concern in Europe.
Now gas shortages hit European Countries especially the United Kingdom. According to Ursula Von Der Leven, E.U Commission President said the natural gas shortage in Europe is a serious issue, and gas prices had gone up drastically(Skyrocketing) but renewable prices have decreased over the years.
She also said it is best to invest in renewables that can give us stable prices. According to sources several energy companies in the united kingdom have collapsed due to the shortages.
Now Europe is heavily dependent on the importation of natural gas from Russia. Russia has long supplied Europe with gas.