A combination of weather-related and geopolitical factors have led to an energy crisis in Europe Gas flows on one of the major gas pipelines from Russia to Europe have reversed flows LNG exporters are re-routing cargoes to Europe as prices continue to break records A severe shortage of natural gas, declining wind power output, nuclear outages, and cold weather have conspired to hand Europe one of its worst energy crises on record. Yet, Europe’s energy woes keep getting worse at every turn. European natural gas prices hit a new record high on Tuesday after a pipeline that brings Russian gas to Germany switched flows to the east while U.S. ships carrying liquefied natural gas (LNG) destined for the European market are diverting to Asia where prices are even higher. Westward gas flows through the 2,607-mile-long Yamal-Europe pipeline, one of the major routes for Russian gas to Europe, have been […]