Meanwhile, the material notes that the risks still exist.
“Much depends on the weather, and a cold snap will quickly lead to the fact that Europe will begin to spend its reserves,” the article says.
According to Giacomo Masato, lead analyst and senior meteorologist at the Italian energy company Illumia, the situation with excess gas will continue until at least December.
The World Bank has predicted in a report that natural gas prices in Europe will quadruple by 2024 compared to the average price over the previous five years.