Europe is in for 5 to 10 ‘difficult’ winters as energy prices soar, Belgian prime minister says

Belgium Prime Minister Alexander De Croo warned of “difficult” winters ahead.
Belgian Prime Minister Alexander De Croo said the next five to 10 winters could be “difficult.”
Europe faces an energy crunch as Russia has been slowing natural-gas flows via a key pipeline.
European household energy bills have surged and could rise further.

Europe could be in for a stretch of long, hard winters as energy prices surge to record highs amid the war in Ukraine.

“The next 5 to 10 winters are going to be difficult,” said Belgian Prime Minster Alexander De Croo at an event in Belgium on Monday, as reported by broadcaster VRT. “In a number of sectors, it is really difficult to deal with those high energy prices. We are monitoring this closely, but we must be transparent: the coming months will be difficult, the coming winters will be difficult.”

De Croo’s comments come as Europe faces an energy crunch exacerbated by Russia’s war in Ukraine. The continent depends on Russia for its natural gas…

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This article was written by [email protected] (Huileng Tan) and originally published on www.businessinsider.com