The Financial Times, citing forecasts by a number of experts, reported that Europe is in for an energy crisis that will last for several years

Europe is predicted a prolonged energy crisis

The Financial Times, citing forecasts by a number of experts, reported that Europe is in for an energy crisis that will last for several years

“Despite spending hundreds of billions of euros to fill storage facilities and help households, the danger of a crisis is great, so we should not create a false sense of security,” said Sida Bambavale of the Swiss-Dutch oil trader Vitol,

Other experts also pointed to the need to significantly reduce energy demand and ensure additional supplies of natural gas (NG).

“It is important that energy prices remain high to curb fuel demand,” shared Vitol chief executive Russell Hardy.

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