In a commentary published on Sunday 23 February, the International Energy Agency (IEA) said that Europe’s energy systems would face a “challenging year“ as they exit the 2024-2025 winter with below-average levels of gas in storage.
European gas markets remained volatile at the start of 2025, with prices reaching their highest level in two years. This is due in particular to the cessation of Russian gas transit via Ukraine on 1 January, the cold weather and the low production of...