Gas crunch eases in Europe — but the respite might not last
Operators work at Enagas regasification plant, the largest LNG plant in Europe, in Barcelona, Spain, March 29, 2022. Natural gas and electricity prices in Europe have plunged from summer peaks thanks to mild weather and a monthslong scramble to fill gas storage ahead of winter and replace Russian supplies during the war in Ukraine. It's a welcome respite after Russia slashed natural gas flows, triggering an energy crisis that has fueled record inflation and a looming recession. (AP Photo/Emilio Morenatti, File)
By DAVID McHUGH
AP Business Writer
FRANKFURT, Germany — Natural gas and electricity prices in Europe have plunged from summer peaks thanks to mild weather and a monthslong scramble to fill gas storage ahead of winter and replace Russian supplies during the war in Ukraine. It's a welcome respite after Russia slashed natural gas flows, triggering an energy crisis that has fueled record inflation and a looming recession...
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