Europe beset by relentless natural gas crunch

Energy crisis: An employee works at a gas receiving station in Lebus, Germany. There is little hope of an increase in supplies as the European Union remains embroiled in a row with Russia, its single biggest exporter of natural gas. — Bloomberg

BRUSSELS: Europe is heading toward an energy crisis as the storage of natural gas runs low and a supply shortfall remains worrying, a think tank warns.

When an energy crisis comes, gas in storage will deplete rapidly in Europe, the Brussels-based think tank Bruegel said, adding that the natural gas supply balance must be monitored closely in the coming months.