#Europe’s risk of #gas shortages even next winter have dropped sharply due to increased non-Russian supply and reduced usage. As a result, inventories will likely be at 60%+ capacity at the end of March, up from 20% from a year earlier - they could be full again by summer. A🧵 Lower demand (industry savnigs+ mostly mild weather + consumer restraint) and high levels of alternative supply have allowed for gas inventories across Europe to be 70%+ full halfway through winter. 1/

Europe’s risk of a winter #EnergyCrisis is fading thanks to brimming inventories, high alternative #gas & #LNG imports, a sharp reduction in industrial consumption, and unseasonably warm weather that has delayed the onset of heating. 🧵 @EurasiaGroup is therefore lowering the odds of severe rationing in Northwest Europe this winter from 25% to 15%. 2/