Warmer-than-expected temperatures in Europe have reduced energy demand across the continent this winter, cutting into Russian President Vladimir Putin's war chest and allowing countries to conserve natural gas and even begin refilling gas storage tanks ahead of next winter.
At least 15 European countries have reported their warmest January weather in more than a decade, including Germany, Poland, and the Czech Republic, baffling meteorologists, who have reported conditions more akin to spring than the height of winter.
The warm weather has disrupted operations at popular ski resorts across Europe, forcing some resorts to partially close operations or rely on 100% fake snow for weeks at a time. Others have gotten creative — opening their ski slopes and chair lifts to mountain bikers or hikers instead. Gas storage in the EU currently stands at about 82%, roughly double the level that leaders had targeted for this time of year, putting the bloc in a stronger-than-anticipated position and reducing its demand for liquefied natural gas and making a gas shortage increasingly unlikely for the 2022-2023 winter season.
Demand from China also remains weaker than expected as the country battles with a resurgence of COVID-19 cases that have curtailed its planned economic reopening.
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