Europe’s energy chief says he is not ruling out Russia’s blocking natural gas flows to Europe in retaliation for Western sanctions related to fighting in Ukraine. European Energy Commissioner Guenther Oettinger was addressing what he called the “worst case scenarios” for the region’s energy security this winter as tensions with Moscow escalate.
If that happens, the EU could see sweeping supply shortages and price hikes during the months it needs gas most, analysts say. …read more
Source: International Business Times
