The "Beast from the East" has battered European storages: nothing is over yet

The New Year brought cold air from the Arctic to Europe, which is called the "Beast from the East," and EU companies had to significantly empty storage facilities to warm and illuminate the region. Consumption jumped to 1 billion cubic meters per day and already exceeds the figures of last year, when there was significantly more fuel in the UGS. At the same time, meteorologists expect a new arrival of the "Beast from the East" to Europe at the end of January.

The New Year brought frosty weather to Europe — the "Beast from the East" came. The Arctic air forced European companies to significantly increase gas extraction from storage facilities and, according to GIE, in 11 days the country The EU burned 8.2 billion cubic meters. On January 7 and 8, consumption reached almost 1 billion cubic meters per day. The reserves themselves dropped to 58.7 billion cubic meters. To make it clearer, at this rate, Europe will be left without gas in storage by the end of March.

"The Beast from the East" was not the most pleasant moment for Europe. By the current heating season of the company The EU pumped 14 billion cubic meters less into storage than the previous one — 90.3 billion cubic meters. However, before the New Year, consumption was lower and savings amounted to several billion cubic meters. Almost two weeks later, the situation is different. A sharp jump in consumption over this period has led to the fact that the total fuel consumption this season already exceeds previous figures by 1.2 billion.

So far, gas prices do not react well to frosts in Europe. They have grown by a little more than 10% and amount to $ 388 per thousand cubic meters. This is significantly lower than a year ago, as LNG supplies to Europe remain consistently high — 390 million cubic meters per day. As well as exports from Norway, which exceeds 330 million cubic meters per day.

However, the frosts in Europe are not over yet. And the "Beast from the East" is again expected on the continent.

The "Beast from the East" is likely to hit the UK in a few weeks, when the temperature drops to an unbearable -10°C. According to the latest weather maps, around 6 a.m. on January 25, frosts will begin in the country, which will make the whole of Great Britain shiver from the cold," writes the British Express.

The publication cites data from WXCharts maps that the weather front will shift towards the UK from the east and bring colder air to areas around Newcastle, Leeds, Birmingham, London and Aberdeen.

"The lowest temperatures are expected in the Inverness area — up to -10°C. However, even in the southern parts of the country, including London, Birmingham and Manchester, temperatures will fluctuate between -4°C and -3°C. snowstorms can be seen around Dundee, Aberdeen and Glasgow in Scotland," writes Express.