Snowless Winter Could Create Worse Energy Crisis For Europe

Demand for liquified natural gas (LNG) vessels has declined due to Europe’s war winter, but natural weather conditions could ground vessels completely, meteorologists warn in a Reuters report, citing lack of snow that will lead to lower river water levels in key waterways.  While the uncommonly mild winter has reduced heating demand in Europe, saved storage volumes, and paved the way for the continent to avoid a energy crisis as a result of Russia’s war on Ukraine, looking further ahead, the same weather conditions could be disastrous…