Europe looks increasingly complacent about the winter ahead

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Europe looks increasingly complacent about the winter ahead
France Dernières Nouvelles,France Actualités
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A colder winter would further deplete gas storage tanks, risking rationing towards the end of the season, especially if China demands more liquefied natural gas

safe for this winter. Russia’s blackmail has failed.” Ursula von der Leyen, president of the European Commission, was in a confident mood on December 12th, speaking during the first cold spell of the season. It was a confidence born of a sure-footed start to winter. It may also turn out to have been premature.

The continent enjoyed a warm autumn, with October and November much balmier than normal. But Arctic cold arrived at the beginning of December, as temperatures dropped below zero in Berlin, London and Paris, prompting fears that gas supplies would be hit and electricity networks would falter. In France, each degree centigrade drop in temperature requires an additional 2.4So far, though, Europe has stood up to the test. Consumers have shown a willingness to cut back.

Backup plans have gone into action across the continent. France has called on neighbours to supply lots of power. Britain’s grid operator ordered two reserve coal plants to prepare to generate, though later decided they were not needed. One of Germany’s four grid operators, TransnetYet the willingness to cut back seems to be fading. Germany’s gas regulator estimates consumption was just 17% lower last week, after adjusting for temperature. If the trend continues, it could become a problem.

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