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Europe Faces Energy Price Crisis as Qatar Extends Supply Cuts into Winter

Guavy AI Editorial Team
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Natural Gas
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Natural gas prices in Europe have surged as Qatar extended its supply cuts into winter, intensifying global competition for energy ahead of the cold season.

Dutch front-month futures rose 2.2% to €73.67 per megawatt-hour due to prolonged shipping disruptions in the Strait of Hormuz and a halt on liquefied natural gas shipments from Qatar.

The European Union has warned member states of a potential energy price crisis, urging governments to reduce gas demand and replenish reserves before winter demand peaks.

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