* . * . . .
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Cookie Privacy Policy
  • DMCA
  • California Consumer Privacy Act (CCPA)
Friday, June 6, 2025
Love Europe
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Sports
  • Travel
No Result
View All Result
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Sports
  • Travel
No Result
View All Result
Love Europe
No Result
View All Result
Home Opinion

The Energy Outlook: Europe’s Summer to Bring Worries About Next Winter’s Gas

January 12, 2025
in Opinion
The Energy Outlook: Europe’s Summer to Bring Worries About Next Winter’s Gas
Share on FacebookShare on Twitter
ADVERTISEMENT

Most years, few have to worry about natural gas from April to September. In Europe, the winter season is over and, barring a small number up north, everyone else switches off the heat. But 2025 will be different. Europe will need to worry about gas exactly when it shouldn’t: during the spring and summer.

The result will be another year of high gas prices, further darkening the future of the region’s energy-intensive manufacturing sector. Households, too, will feel the hit. The higher-for-longer outlook for gas prices just got a bit higher and longer. The cost of gas in Europe, measured by the so-called Title Transfer Facility benchmark in the Netherlands, has risen above €50 ($51.41) per megawatt hour, among the highest price levels over the last two years.

The reasons are twofold. First, Ukraine – understandably — didn’t renew at the end of 2024 a transit contract that allowed its archenemy Russia to ship gas into Europe via its pipelines. Russia doesn’t sell as much gas into Europe as it once did, but Moscow has remained an important supplier for countries including Slovakia, Austria, Italy, Czechia and Hungary. The loss of that Russian gas will force Europe to rely more heavily on other sources, such as US liquefied natural gas and its own storage.

But inventories aren’t unlimited. And here lies the second reason: Europe has already taken out an abnormally large amount of gas from its tanks. From Oct. 1 to Dec. 31, gas withdrawals from underground depots amount to over 250 terawatt hours, the second-largest ever for the period, and well above the 10-year average of 165 TWh.

Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=6783c85d4a5b4ce8aa6c79688a8709d3&url=https%3A%2F%2Fwww.bloomberg.com%2Fopinion%2Farticles%2F2025-01-06%2Fthe-energy-outlook-europe-s-summer-to-bring-worries-about-next-winter-s-gas&c=4026723356088195375&mkt=de-de

Author :

Publish date : 2025-01-05 21:00:00

Copyright for syndicated content belongs to the linked Source.

Tags: Europeopinion
ADVERTISEMENT
Previous Post

Top 10 places to travel to in February on a budget | Travel News | Travel

Next Post

FirstFT: EU rushes to review Biden-era measures ahead of Trump’s return

Related Posts

Towards a brand new period in East-West connectivity – China Every day
Opinion

Towards a brand new period in East-West connectivity – China Every day

Gable: Dialogue key for future alliance with Europe – TelegraphHerald.com
Opinion

Gable: Dialogue key for future alliance with Europe – TelegraphHerald.com

Struggle calls for innovation. That’s why Europe should help its startups [OPINION] – Defence Business Europe
Opinion

Struggle calls for innovation. That’s why Europe should help its startups [OPINION] – Defence Business Europe

ADVERTISEMENT

Highlights

Why We Chose to Retire in Malta After 25 Years in California

Thrilling Highlights and Unforgettable Moments from the 2025 Monaco Grand Prix

Discover the Perfect Time to Visit Montenegro for an Unforgettable Trip

Samskip Unveils Exciting New UK-Netherlands Shortsea Cargo Route

Norway Cracks Down as School-Leavers’ Russ Bus Parties Spiral Out of Control

Categories

Archives

January 2025
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728293031 
« Dec   Feb »
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Cookie Privacy Policy
  • DMCA
  • California Consumer Privacy Act (CCPA)
No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2024 Love-Europe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version