Chill of inflation threatens Britain again after Europe’s long, hard winter.
Chill of inflation threatens Britain again after Europe’s long, hard winter
Demand for fuel has pushed gas prices up – but peace in Ukraine could flood the market and change everything
There were no long, hard winter. There won't be peace in Ukraine in the next few months at least.
Which long hard winter are we talking about here?
And what quick peace in Ukraine are we talking about?
Conditions are also cold in northern Europe, meaning that European gas storage stood at 47% full at the start of this week, 5% below the 5-year average and 20% lower than in 2024, according to analysts at UBS, in a note.
In week 6 of 2025, European gas imports rose and exceeded 2024 weekly import levels. This was driven by higher liquified natural gas (LNG) imports
https://www.bruegel.org/dataset/european-natural-gas-imports
Unless someone has other ideas of what is suddenly consuming a whole lot of LNG I guess chilly weather it is