Mild February Will Help Extend Europe's Gas Storage Buffer [BNN Bloomberg (Canada)]
Maxar Technologies Inc. (MAXR)
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Source: BNN Bloomberg
Long-range forecasts from Maxar Technologies Inc. and Atmospheric G2 point to mild conditions across the continent this month, with cold weather engulfing the south east from next week. The continent's underground storage facilities are currently about 73% full — the highest for this time of the year since 2010 — thanks to mostly mild weather so far this winter. “Our February forecast is for a milder than normal month widely across Europe,” said Amy Hodgson, head of meteorological operations at Atmospheric G2. The continent's unseasonably warm temperatures — while a reminder of the impacts of climate change — have helped to push gas prices below levels seen before Russia's invasion of Ukraine in recent weeks, easing inflation concerns and fears of a damaging recession. Meteorologists are watching for a so-called sudden stratospheric warming, or SSW — one of the most extreme weather events that can cause extreme cold in the northern hemisphere. Signs of an SSW can already be o
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