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Economy

Is Europe sleepwalking into its worst gas crisis since 2022?

European gas prices have surged 70% and storage is running low. Supply disruptions, rising inflation and the prospect of ECB tightening are raising fears of a repeat of the 2022 energy crisis.

Europe News

Meloni plans closer cooperation with Algeria to boost gas deliveries

Italy, which generates more than 40% of its electricity from natural gas according to the International Energy Agency, has been negotiating with various countries to replace lost LNG supplies from Qatar.

Europe News

Hungary will gradually halt gas exports to Ukraine

Hungary's Prime Minister Viktor Orbán announced a gradual halt of gas exports to Ukraine until Kyiv repairs the Druzhba oil pipeline. The dispute is also blocking a €90bn EU aid package for Ukraine.

Business

Portugal could declare an energy crisis — but what does that mean?

An existing energy crisis scenario allows the government to act directly in limiting prices, but this can only happen after an EU-level decision.

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Europe News

EU pushes early gas refills while easing storage targets on Iran war

Goal is to avoid panic buying while ensuring that EU countries' gas storage is replenished by next winter. The European Commission also told member states to refill below the 90% level set by law in 2022.

World

Vast gas reserves: can fracking make Germany energy independent?

In 2024, 67 per cent of the energy used in Germany had to be imported, according to the Federal Statistical Office. This puts Germany above the EU average of 57 per cent of imported energy. According to experts, Germany could produce domestic gas.

Markets

European markets dip as oil prices soar and European gas prices jump

Leading European stock market indexes started the week with a big sell-off, following a major drop across Asian markets and surging oil prices, as the Middle East crisis escalates further.

Libya

Russian LNG tanker catches fire and sinks off the coast of Libya

Libyan authorities said on Wednesday that the "Arctic Metagaz" tanker had sunk in the Mediterranean Sea between their coast and nearby Malta.

Europe Today

Watch the video: Iran war and your wallet — have you checked the bill?

At Euronews, we usually report big politics, but this time your reporter wants to ask a different question: how will the Middle East conflict affect your wallet?

Markets

European gas prices surge by up to 45% as Qatar stops LNG production

European natural gas prices surged on Monday as the escalating conflict in the Middle East caused Qatar to stop LNG production at the world’s top plant.

Economy

Four years since Russia’s invasion: How have energy prices changed?

Residential electricity and gas prices in the EU remain above the levels seen before Russia’s invasion of Ukraine. Compared to the highly volatile years of the energy crisis, prices have largely stabilised as of 2026.

Business

Greece bets on LNG corridor to power Europe’s post-Russia energy

Once overlooked, the region around Alexandroupolis is now at the centre of plans to secure gas supplies and reshape the EU’s energy map.

Economy

Electricity and gas in Europe: Priciest and cheapest cities in 2026

Electricity and gas prices vary significantly across Europe. When adjusted for PPS, country rankings show a heavier burden on households in Central and Eastern Europe.

Business

Azerbaijan secures two new energy deals with Europe

Azerbaijan has secured two new energy supply agreements with Austria and Germany, reinforcing its position as a key supplier to Europe.

Europe News

EU energy ministers to tackle price discrepancy among member states

High energy taxes and extra charges on the final bill from energy producers are creating large discrepancies among member states fueling the case to complete energy market. EU member states look to narrow the gap.

Economy

Millions live in cold houses in Europe: Where is fuel poverty worst?

The share of people in the EU who are unable to keep their homes adequately warm has increased since the energy crisis sparked by Russia's invasion of Ukraine.

Economy

Electricity and gas prices across Europe: The most expensive countries

Electricity and natural gas prices for households have diverged sharply across Europe in 2025, with some countries facing bills several times higher than others, according to new Eurostat data.

USA

Orbán says Trump will not sanction Hungary for Russian energy imports

The Hungarian leader said he has managed to convince US President Donald Trump to grant his country a full exemption from sanctions for the purchase of Russian energy, after detailing to him the dire consequences it would have on the Hungarian people.

Economy

Germany's heating bills have tripled since start of war in Ukraine

Germany has faced a significant increase in heating costs since 2021, after deciding to end its reliance on Russia as a key energy supplier over its full-scale invasion of Ukraine.

Germany

Germany's energy transition: Are costs spiralling out of control?

Germany's municipal authorities are making preparations to phase out gas for central heating. At the same time, the Federal Ministry of Economics wants to rely on gas more to generate electricity and is asking the EU for subsidies to do so.