Europe’s gas prices on the brink as Qatari LNG flows stall 😔

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Analysts warn that prolonged disruptions to LNG supplies from the Middle East could sharply increase gas prices in Europe, reminiscent of the 2022 energy crisis. A halt in Qatari LNG exports could triple current prices, impacting countries like Italy and Belgium. EU gas storage levels are already below average, raising concerns about supply security. The European Commission urges early refilling of gas reserves to avoid pressure and price spikes, but a longer disruption could lead to government interventions and rationing measures.