Energy & Science
Wintry Weather Arriving in Europe Boosts Power and Gas Prices
- Temperatures in the west are forecast below normal in December
- Gas has risen 4% in the past two weeks, boosting case for LNG
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Colder-than-normal weather settling into Europe over the next week is poised give the second boost to natural gas and power markets since the start of the heating season.
The chill is raising hopes that after record warmth in 2019 this winter reverts closer to the 30-year average. Energy prices are rising on the expectation that coronavirus restrictions may boost energy demand for heating.