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Viewpoint: Europe’s Industries Face Toughest Test

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The European industrial sector, a heavy consumer of natural gas, is finding it hard to navigate the region’s grim energy outlook. Inflation and supply scarcity look set to test manufacturers’ ingenuity and resolve to see it through these hard times. Brussels and individual EU member states could help by setting up mechanisms to avoid shortages by allocating any excess volumes across end-users in the most efficient way possible. But privately, diplomats worry that even if the bloc manages to keep the lights on for households over the next three years, the continent’s industrial base may not be so lucky.

Topics:
Gas Inventories, Gas Demand, Gas Prices, Gas Supply, Ukraine Crisis, Military Conflict, Macroeconomics
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