Energy Crunch Looms in Europe as Crisis Not Over, EON Warns
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German utility EON SE warned that Europe may not have seen the end of turmoil in its energy markets and the situation could still take a turn for the worse.
“The crisis is not over yet,” the energy company’s Chief Financial Officer Marc Spieker said Wednesday alongside an earnings report. Germany was one of the countries hardest hit by Europe’s energy crisis last year, with more than half of its gas supply previously coming from Russia.