Europe Races To Refill As Gas Reserves Dwindle

by Bunker | Posted on January 9, 2025January 9, 2025

Source: The Patriot Light | AWK Network | VIEW ORIGINAL POST ==>

Authored by Julianne Geiger via OilPrice.com,

Europe is rapidly depleting its gas reserves due to a harsh winter and the halt of Russian gas flows via Ukraine.
Germany faces significant economic risks due to its energy-intensive industries.
Refilling depleted gas storage during summer will be critical in the Spring of 2025.

Ah, Europe and its perennial energy conundrums. Just when you thought it was safe to turn up the thermostat, the specter of gas shortages once again knocking on Europe’s door as it depletes its natural gas reserves at an unprecedented rate. Are fears of tough times ahead unfounded?

The Great Gas Guzzle of 2025

We’ve arrived in January 2025, and Europe is burning through its gas reserves at a pace not seen in seven years.

Cold snaps have residents cranking up the heat, leading to a rapid depletion of stored natural gas. Storage levels, which were comfortably above 90% in November, have now dipped to just over 70%.

The accelerated gas drawdown, combined with the recent halt in Russian gas flows via Ukraine, has some analysts fearing the worst—disruptions.

Turning Off The Taps

On January 1, 2025, Ukraine decided not to renew its gas transit agreement with Russia,…

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The man known as Bunker is Patriosity's Senior Editor in charge of content curation, conspiracy validation, repudiation of all things "woke", armed security, general housekeeping, and wine cellar maintenance.

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