Source:
"January temperatures on the continent were well below average, which resulted in a spike in energy demand.
Due to the cold weather, energy demand went through the roof.
Russia's Gazprom reported Feb. 1 that gas sales to Europe were the highest ever for January, exceeding 19.4 billion cubic meters of natural gas.
"European gas demand last month was buoyed by cold weather across the continent, with several countries seeing extremely low temperatures during the month," said S&P Global Platts.
Gazprom said sales
to Germany rose 32.4% ...
in Italy (by 221.5%),
Poland (89.9%),
France (77.3%),
the Netherlands (21.2%), and
Turkey (20.8%).
Last month ... increased gas demand resulted in soaring prices in Spain and U.K.
Gazprom gas sales to Europe could remain elevated as Bloomberg reports colder weather throughout the Nordic region is set to pour into Germany, France, and the U.K.
Between Feb. 6-10 period, heating degree days, the amount of energy it takes to heat a structure, is forecasted at about 88.1, well above the 10-year normal of 83."