Cold front could be a test for European energy

Source: Philipp von Ditfurth/Global Look Press
Source: Philipp von Ditfurth/Global Look Press

Brussels, 24 November. Freezing temperatures could be a serious test for Europe’s vulnerable energy sector, which has been hit by a sharp cut in Russian gas supplies and extended nuclear power outages. It is reported by Bloomberg.

Several European governments are warning of possible shortages and rolling blackouts as demand peaks in the coming months.

Colder weather than previously forecast is expected over much of continental Europe over the next two weeks, according to Maxar Technologies satellite data. Temperatures in Berlin, Amsterdam, Helsinki, Stockholm will fall below seasonal norms in early December.

Federal News Agency
Federal News Agency

Weather in France, Spain and Portugal will remain mild over the next few days, but will soon drop significantly to a cold front, according to Maxar.

An abnormally warm autumn allowed European countries to replenish storage facilities to prepare for winter. At the same time, although they are currently almost 95% full, according to Gas Infrastructure Europe, inventories have been rapidly declining over the past 10 days. During the season of high winter demand, any interruption in imports can lead to shortages.

“Roughly half of all gas is consumed between December and February, so Europe’s reliance on the LNG market is expected to remain strong,” research firm ANZ Research said in a report.

Executive director of the French energy and gas company Engie Katherine McGregor warned earlier that EU countries should not let their guard down on energy savings despite falling natural gas prices and successes in restocking.

The energy crisis in the European Union worsened in early July, when the first interruptions in gas supplies from Russia arose. Unusually warm weather in Europe has caused gas prices to fall somewhat from record highs. Nevertheless, the EU is preparing for a complete cessation of gas supplies from the Russian Federation after the introduction of a plan to voluntarily reduce its consumption by all community states by 15% from August 1, 2022 to March 31, 2023.


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