Business Standard

Friday, December 20, 2024 | 05:37 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Energy crunch hits global recovery as winter approaches: Report

And fears are rising that Europe will have to ration electricity if it's a cold winter

Power Transmission, Power lines
Premium

China’s electricity demand has come roaring back, vacuuming up limited supplies of liquid natural gas, which moves by ship, not pipeline.

Associated Press Moscow
Power shortages are turning out streetlights and shutting down factories in China. The poor in Brazil are choosing between paying for food or electricity. German corn and wheat farmers can’t find fertiliser, made using natural gas.
 
And fears are rising that Europe will have to ration electricity if it’s a cold winter.
 
The world is gripped by an energy crunch — a fierce squeeze on some of the key markets for natural gas, oil and other fuels that keep the global economy running and the lights and heat on in homes.
 
Heading into winter, that has meant

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in