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Europe Risks Running Out of Gas This Winter, U.S. Official Says

Bloomberg business news
WATCH: The U.S. envoy for energy security talks to Bloomberg’s Annmarie Hordern. Source: Bloomberg)

Europe could run out of natural gas to heat homes this winter because of tight inventories and limited supplies from Russia, a U.S. State Department official said.

“If we have a colder-than-average winter, my concern is that we will not be able to have enough gas to use for heating in parts of Europe,” Amos Hochstein, senior adviser for energy security at the State Department, said in an interview to Bloomberg TV. While some nations will still be able to purchase gas at a higher cost, others could be forced to ration the fuel, he added.