PARIS/OSLO (Reuters) -Lower hydropower stocks and wind speeds in northwest Europe could raise demand for gas and coal-fired power generation this summer at a time when Europe already needs additional gas volumes to refill storage depleted after the winter. Hydro levels and snow pack are now below average in continental Europe, much lower than levels recorded in 2024, LSEG data showed, while gas demand has risen year-on-year. Weak wind speeds in recent months have already increased European gas consumption for power generation and low snow levels in the Alps are expected to limit hydropower generation this spring and summer.Read More
Less hydro, wind could put more strain on Europe’s gas stocks this summer
