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 EU Gaspreise fallen infographic
Grafik zeigt die Holländischen TTF Erdgas Futures Preise.
GN43823DE

BUSINESS

Warmer Winter hilft bei der EU Gaskrise

By Duncan Mil

January 18, 2023 - Der Großhandelspreis für Erdgas in Europa ist auf 17-Monats-Tief von knapp über €60 per Megawattstunde gefallen, mehr als 82% weniger als der Spitzenpreis von fast €340 im letzten August.

Unseasonably mild weather has resulted in EU gas demand falling by more than 20 per cent since the start of the heating season. On average, the coming days are typically the coldest of the year, and temperatures from London to Berlin, have now dropped to freezing.

But even if this winter turns out to be colder than usual, Europe has enough gas in storage to avert the worst-case scenario of running out.

Between December 19 and January 15, however, North-West Europe enjoyed 29 consecutive days of above-normal temperatures that reduced heating demand significantly.

On January 15, inventories across the European Union and the United Kingdom amounted to 922 terawatt-hours (TWh), Reuters reported, citing Gas Infrastructure Europe. Stocks were 268TWh above the prior ten-year average.

Stocks are on course to end the winter at the highest level on record -- with storage sites at more than 54 per cent.

Futures prices for deliveries in March 2023 have almost halved to €56 per megawatt hour from €110 on December 19 and €177 at the start of winter.

Sources
PUBLISHED: 18/01/2023; STORY: Graphic News; PICTURES: Getty Images
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