Despite European countries having a relatively successful winter heating season, a sharp cooling in Western Europe next week could trigger a resumption of the energy crisis in the region. Lower average temperatures will be a prerequisite for higher natural gas demand; informs The Bloomberg agency cites the forecasts of analysts from Maxar Technologies Inc.
Until recently, weather conditions in European countries were relatively favorable, allowing regional states to save significant amounts of gas stored in local UGSFs. However, the article notes that with the onset of cold weather in Western Europe, the situation may change.
“Cold weather will hit Western Europe next week, potentially increasing demand for natural gas. <….> On Monday, temperatures in London are expected to be 3°C below the seasonal average, while in Paris it is expected to be 5.2°C that day and 7°C below the optimum in Madrid on Tuesday.
Bad weather will affect the northern regions of Germany next week, and snowfall is expected in these regions. At the same time, snowstorms are expected in the southern parts of the country in England. The note also concludes that snowfall will most likely occur in the European Alps.
February 23, International Energy Agency (IEA) President Fatih Birol declarationThat Europe has not yet won the “energy war” with Russia. This year, warm weather has helped European countries cope with the warming season of winter. However, if the weather starts to get cold on the continent, next winter may be more difficult for the European Union (EU).