Commodities

Europe Teeters Toward Energy Crisis as Gas Reaches Two-Year High

A natural gas power plant in Berlin.Photographer: Krisztian Bocsi/Bloomberg
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Europe is teetering on the edge of its next energy crisis after natural gas prices soared to the highest in two years.

After a long fight with surging bills, stubbornly high inflation and fading industrial activity because of the 2022 crunch, the continent again faces the threat of another prolonged rally that may trigger more economic pain.