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Europe Faces Coldest Winter Spell As Gas Supply Concerns Mount
Northwest Europe is bracing itself for what is expected to be later this week the coldest snap so far this winter, hours ahead of the expiry of the deal for Russian gas transit via Ukraine to central Europe. Temperatures in the UK, France, and Germany are expected to plunge at the end of this week, which would raise gas demand for heating and electricity generation. This happens as Europe is burning through its natural gas in storage at the fastest pace in years. As of December 28, the natural gas storage sites across the EU were full at…
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Source: Oil Price
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