Europe Set for Warmest January in Years as Gas Crisis Eases
- Unseasonably warm temperatures ease pressure on gas storage
- Prices drop to 2021 levels as mild conditions reduce demand
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Europe is set for the warmest January in years, easing an energy crunch that has hammered the region for months.
Mild conditions are likely to persist across the region until the end of the month, with a strong weather front blocking out cold polar air, according to forecaster Maxar Technologies Inc. While sparking climate concerns, the warmth over the past couple of weeks has been a boon for nations as they struggle against a crushing cost of living crisis that has seen household energy bills and inflation surge.