Europe braces for a potential gas crisis as historic heatwave boosts demand
CNN
Europe is bracing for the potential of a full-blown gas crisis later this week just as an historic heatwave has hiked demand for energy to help cool the continent's homes and businesses.
On Thursday, the Nord Stream 1 pipeline — a crucial artery linking Russia's gas to the bloc — is due to reopen after 10 days of routine maintenance work. But concern is building that Russia will keep the taps turned off in retaliation for sanctions the European Union has imposed since Moscow's invasion of Ukraine in February.
Robert Habeck, Germany's economy minister, said earlier this month that the country must "prepare for the worst."
Millions of Americans have taken to the skies, hit the road, fired up the barbecue grill and jumped into the pool this weekend to celebrate the start of summer 2024. Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities.