November normally marks the start of the heating season proper in most of Europe. This year has been no exception—and gas demand is set to surge in the final months of the year to make up for lost solar and likely wind generation. Earlier this year, gas prices in Europe spiked following a production outage at a Norwegian platform and geopolitical jitters about the Middle East.
Prices normalized soon enough but remain elevated, depressing consumption. Government efforts across the European Union have also boosted the share of wind and solar…Gas Reliance Persists as Europe Faces Winter Energy Crunch
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