Back to today’s briefing

Story perspectives

Europe Faces Energy Crisis as Gas Prices Soar 26%

4/26/2025

50 4

Summary

Story summary

Energy prices in Europe are soaring, with gas costs surging by 26% following Russia's shutdown of Nord Stream 1. As the EU strives to replace two-thirds of Russian gas imports by year-end, it faces significant challenges. Meanwhile, the UK has controversially lifted its fracking ban, igniting fierce opposition across the continent.

1 of 1

Story summary

Energy prices in Europe are soaring, with gas costs surging by 26% following Russia's shutdown of Nord Stream 1. As the EU strives to replace two-thirds of Russian gas imports by year-end, it faces significant challenges. Meanwhile, the UK has controversially lifted its fracking ban, igniting fierce opposition across the continent.