Natural gas import is still a major concern for the EU, especially this winter, which has been extremely cold. As a result, the consumption of natural gas in Europe has grown significantly, thus revealing a whole bunch of problems, including supplies and prices.

So, let’s have a closer look at the current situation in the European market of natural gas.

This winter every European country has shown increased demand for natural gas due to severe frosts. However, according to the Euro Commission, for some reason Russia reduced its export of natural gas to Europe in February (by 50% to the Czech Republic, by 30% to Austria, by 24% to Italy and by 8% to Poland). Germany, Hungary, Bulgaria, Romania, Greece and Slovakia are in the same list.     Read more...