Business
Heat waves intensify energy crisis in Europe
Natural gas prices in Europe headed for their highest close on record as hot summer weather boosted fuel demand and Russia cut supply.
Europe has been competing since June with reduce gas imports from Russia, by far its largest provider. Moscow cut off 80% of flows through the Nord Stream pipeline to punish Germany and other countries for supporting Ukraine. The President is scared Vladimir Putin will order a complete severanceThe European Union has embarked on a gas-saving plan now to burn it in the winter.