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Europe Energy Crisis Worsens as War Risk Adds to Gas Woes

  • Prospect of military action in Ukraine grows as tensions rise
  • Power market also in turmoil with EDF reactor outages extended
The Nord Stream 2 gas receiving station in Lubmin, Germany.

The Nord Stream 2 gas receiving station in Lubmin, Germany.

Photographer: Krisztian Bocsi/Bloomberg
Updated on

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Europe’s energy crisis intensified as the risk of war pushed up gas prices, power-plant halts were extended and the French government asked its biggest utility to take a $8.8 billion hit to protect consumers.