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High European gas prices could last through winter, expert says

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By Andrea Bolitho
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Wind turbines stand out at a wind farm in Collarmele, near L'Aquila, Thursday, Sept. 30, 2021.
Wind turbines stand out at a wind farm in Collarmele, near L'Aquila, Thursday, Sept. 30, 2021.   -   Copyright  Alessandra Tarantino / AP
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The global energy crisis caused largely by a resurgence in demand is starting to bite across Europe, with many people fearing they will be unable to heat their homes properly as gas prices soar.

Nicolò Rossetto, a research fellow at the Florence School of Regulation, told Euronews that there were signs "a few months ago" that prices would go up and that this crisis could last throughout the winter.

"It’s not just a European matter. It’s affecting the whole world. Gas is going up and electricity which is often produced by burning natural gas, the prices of electricity are also going up as well," Rossetto added.

Watch the full interview with Nicolò Rossetto in the player above.