Europe’s energy crunch will trigger shortages

Tough spot: Operators work at the Enagas regasification plant, the largest LNG plant in Europe, in Barcelona, Spain. Without Russian gas flowing into Europe, the global gas markets will stay tight. — AP

LONDON: Bills will be high, but Europe will survive the winter: It’s bought enough oil and gas to get through the heating seasons.

Much deeper costs will be borne by the world’s poorest countries, which have been shut out of the natural gas market by Europe’s suddenly ravenous demand.