Europe may shift back to coal as Russia turns down gas flows

Published by
Reuters UK

By Vera Eckert and Francesca Landini FRANKFURT/MILAN (Reuters) -Europe’s biggest Russian gas buyers were racing to find alternative fuel supplies on Monday and even looking at burning more coal to cope with reduced gas flows from Russia that threaten an energy crisis in winter if stores are not refilled. The crisis and sky-high gas prices add to the headache facing policymakers already fretting about surging inflation and a dimming economic outlook. Italy’s Eni said it had been informed by Russia’s Gazprom that it would receive only part of its request for gas supplies on Monday, pushing the c…

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