‘Little Can Be Done’ to Ease Crisis in Short Term: Gas Update

The conference, running from Sept. 21-23, is happening just as Europe faces a gas crunch, with prices spiking to record levels and analysts warning that some countries could face blackouts when winter sets in. Nigeria’s minister of state for petroleum, Timipre Sylva, warned that spending on oil and gas is being cut quicker than investments in renewables are rising, resulting in an energy crisis.