20 April 2024,   05:47
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The next five to 10 winters will be terrible if we don’t do anything - Belgium’s energy minister

Belgium’s energy minister has warned that EU countries will face five to 10 terrible winters if nothing is done to reduce natural gas prices, writes BBC.

Calls are mounting for an EU-wide cap on the price of gas and its decoupling from the price of electricity. EU states have been struggling with huge energy price hikes since key gas supplier Russia invaded Ukraine in February, triggering sanctions. Countries backing Ukraine are trying to cut imports of Russian gas and oil.

Russia, which supplied the EU with 40% of its gas last year, has in turn restricted supplies.

Belgian Energy Minister Tinne Van der Straeten wrote on Twitter that gas prices in Europe needed to be frozen urgently, adding that the link between gas and electricity prices was artificial and needed to be reformed.

“The next five to 10 winters will be terrible if we don’t do anything. We must act at source, at European level, and work to freeze gas prices”, - writes Tinne Van der Straeten.

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