Citing analysts at Rystad Energy, Bloomberg argues that Europe will face an energy “storm” sooner than expected because of the heat, but the region will not be adequately prepared for the chaos it will bring. This has been reported DEA News”.
The publication states that Maxar believes temperatures in parts of the UK and France could rise to record highs earlier this week. But although there is an increase in solar power generation, it also increases cooling demand and causes global prices for liquefied natural gas to rise.
Analysts at Rystad Energy say rising temperatures will prevent Europe from restoring gas reserves before winter. As such, storage levels on the continent remain below normal for this time of year.
Experts say Europe could hit the storm much sooner than previously thought. Therefore, the region may not be adequately prepared for the chaos that the storm will bring.
Previously, it was known that European countries. May Conflict or experiencing a major political crisis due to anti-Russian policies.