EU Warns of Worst Winter Since 2022 Amid Soaring Gas Prices
- Reports
- 7
- Developments
- 1
- Repetition
- 86%
New informationRepeats or wire copies
What happened
European natural gas prices have risen sharply this year, surging from around €27 to over €80 per megawatt-hour in September. Energy Commissioner Dan Jorgensen warned that the current winter might be the bloc's worst since 2022, given the soaring prices and fuel supply uncertainty. Russian presidential envoy Kirill Dmitriev blamed the looming difficulties on the bloc's energy policies. The situation unfolds as the US considers restrictions on diesel exports, which President Donald Trump has reportedly backed.
From austinglobe.com
Why it matters
The rapid increase in energy costs tests the economic stability of the European Union. The bloc is currently managing the fallout from the 2022 energy crisis while facing potential new supply constraints due to proposed diesel export limits.
From austinglobe.com
Who's involved
- Donald TrumpPresident of the United States and figure whose views on diesel exports are relevant to global supply fears.
- European CouncilThe institution representing the European Union facing the energy crisis.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- European CouncilSpeculative
The energy crisis could test the bloc's ability to govern under economic duress, challenging the core mandate of the Council.
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The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
Related events
- Macron advised Trump against a potential diesel export ban, leading to global energy market disruption.
- Global oil trade disruption affects energy markets due to geopolitical shifts and the impact of the US energy agenda.
- The European Commission opposes a potential US diesel export ban.
- Trump's administration issues tariff threats against the EU as BRICS expands and observes within the Arctic Council.
- The Trump administration imposed financial sanctions on Iranian targets amid ongoing global fuel supply disruptions.