EU reassures over winter energy supplies, but cold weather is risk to watch

The EU has had to compete with Asia for liquefied natural gas where demand is also high, amid low storage levels, infrastructure outages and lower than usual supply from Russia

European gas and power prices have surged this year as demand has shot up all over the world for energy amid economic recovery from the coronavirus pandemic.

European energy supply is not at immediate risk despite low gas storage levels ahead of the winter, but the European Commission is working with other gas-producing countries to increase supply. 

European gas and power prices have surged this year as demand has shot up all over the world for energy amid economic recovery from the coronavirus pandemic.