This approach, in tandem with mild winter temperatures, enabled European nations to replenish reserves.
TTF gas sank to a 16-month low this week and stood at 60 euros per megawatt hour on Wednesday, although this was still more than double its pre-pandemic level. With Russia also slashing its gas deliveries to Europe over Ukraine tensions, Norway has become the continent’s primary supplier.Anders Opedal, chief executive of Norwegian energy giant Equinor, told the BBC that there was “a kind of re-wiring of the whole energy system in Europe, particularly after the gas from Russia was taken away”.
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