Germany could be in for a mild winter, the meteorological office DWD said on Thursday, raising the possibility that energy supply tightness caused by Russia's curbs of fuel exports might not hurt consumers and industry as badly as feared.
European gas prices have hit multi-year highs this year as Russia dramatically cut volumes it sends to Europe amid war in Ukraine, raising prospects of shortages for manufacturers and"We expect a comparatively mild winter," said Tobias Fuchs, Director Climate and Environment of the DWD. "If the model is right, we will be able to save heating energy as a result."
Germany's energy regulator on Thursday noted that gas consumption last week, the running year's 44th, was down slightly compared to a four-year average over 2018-2021.
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