Germany, Austria, Netherlands plan return to coal amid gas shortage

Germany, Austria, Netherlands plan return to coal amid gas shortage

- RBC commodities chief Helima Croft warned that gas disruptions from Russia would lead to an energy emergency for Europe. - "This situation in Europe really does look like an energy emergency as we head into winter," she said. - International Energy Agency head Fatih Birol earlier warned that Europe should be prepared for a complete cutoff from Russian gas. Europe is facing a potential energy crisis as Russia's reductions in natural gas exports raise fears about future supplies, warned RBC commodities chief Helima Croft. Energy has emerged as a key battleground since Russia invaded Ukraine. In response to Western sanctions, Moscow has reduced natural gas deliveries to Europe, which typically builds up its inventories this time of year to prepare for high demand during colder months. "This situation in …
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