Why natural gas prices are breaking records in Europe?

Gas prices in the European Union and the UK have risen sharply – by 25 percent in early trading – causing fears of soaring bills and inflation as winter approaches. Prices have risen to the highest level in more than a decade, and consumers are beginning to worry about the costs of heating homes during the coming winter. Economies around Europe are climbing out of the COVID-19-induced slump and demand for natural gas is increasing, but politics between the EU and Russia may have fettered supply. Al Jazeera’s Natasha Ghoneim reports. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #EnergyCrisis #EuropeEnergyCrisis #EuropeGasCrisis
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