5mo ago

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

8 comments

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.
  https://au.investing.com/news/commodities-news/natural-gas-climb-higher-chilly-conditions-provide-support-3677580
  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
  
  Mate, there is hardly a correlation with winter in that graph. The highest import for multiple years there is in the middle of the year, which happens to also be the hottest. One year even has the lowest imports in winter (first weeks of the year) and a peak in spring.

8 comments