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Europe Braces for Winter’s Coldest Snap With Gas Stores in Focus

A dogwalker in a park on the Main river embankment in Frankfurt, western Germany, on Dec. 29. Photographer: Kirill Kudryavtsev/AFP/Getty Images (KIRILL KUDRYAVTSEV/Photographer: Kirill Kudryavtsev)

(Bloomberg) -- Temperatures across Europe are forecast to plunge at the end of the week as areas of low pressure move through the region.

London, Paris and Berlin will see average temperatures below zero on Friday and Saturday Weather Services International data show, about 6 degrees below the 30-year normal. The UK Met Office is expecting some snow in the coming days, with extreme winds and rains also forecast. 

Across Germany too, forecaster DWD has issued warnings for frost and ice

The coldest spell so far this winter is likely to push up heating demand, tapping into gas reserves that have fallen below 75%. Withdrawals from inventories have already been faster-than-usual this year. That, coupled with the impending end of the Ukraine-Russia gas transit agreement has sent European natural gas prices near highs seen earlier this month.

The loss of Russian gas flows could make Europe more reliant on liquefied natural gas from the US, but colder weather there is also pushing up demand. 

  • The UK has a daily average of 17 heating degree days for the 6-10 day forecast, 5 above the 10-year norm
  • Northwest Europe has a daily average of 18 heating degree days for the 6-10 day forecast, 5 above the 10-year norm
  • France has a daily average of 17 heating degree days for the 6-10 day forecast, 5 above the 10-year norm

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