Yogthos on Nostr: Energy situation Europe is in a worse than it admits, due to a combination of ...
Energy situation Europe is in a worse than it admits, due to a combination of factors.
Europe benefited from two mild winters and low LNG demand from Asia, allowing it to stockpile gas. This masked the underlying problem of reduced gas supply.
Despite starting with high storage levels, Europe is rapidly depleting its reserves due to a cold snap and increased demand.
Replacing Russian LNG with American LNG is impractical due to high prices.
https://www.bloomberg.com/opinion/articles/2024-11-21/europe-is-gaslighting-itself-about-its-energy-woes (https://archive.ph/SoEM8)
Europe benefited from two mild winters and low LNG demand from Asia, allowing it to stockpile gas. This masked the underlying problem of reduced gas supply.
Despite starting with high storage levels, Europe is rapidly depleting its reserves due to a cold snap and increased demand.
Replacing Russian LNG with American LNG is impractical due to high prices.
https://www.bloomberg.com/opinion/articles/2024-11-21/europe-is-gaslighting-itself-about-its-energy-woes (https://archive.ph/SoEM8)