• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 18 hours "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 5 days America should go after China but it should be done in a wise way.
  • 12 days Does Toyota Know Something That We Don’t?
  • 20 hours World could get rid of Putin and Russia but nobody is bold enough
  • 18 hours How Far Have We Really Gotten With Alternative Energy
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 3 days Even Shell Agrees with Climate Change!
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Breaking News:

OPEC Lifts Production in February

Anti-Oil Activists Shift Focus to Insurers

Anti-Oil Activists Shift Focus to Insurers

Activists have also started attacking…

Microwave Energy Could Fix The Biggest Problem Facing EVs

Microwave Energy Could Fix The Biggest Problem Facing EVs

Researchers from the University of…

Snowless Winter Could Create Worse Energy Crisis For Europe

Demand for liquified natural gas (LNG) vessels has declined due to Europe’s war winter, but natural weather conditions could ground vessels completely, meteorologists warn in a Reuters report, citing lack of snow that will lead to lower river water levels in key waterways. 

While the uncommonly mild winter has reduced heating demand in Europe, saved storage volumes, and paved the way for the continent to avoid a energy crisis as a result of Russia’s war on Ukraine, looking further ahead, the same weather conditions could be disastrous for LNG. 

Meteorologists cited by Reuters warn that the region relying on the Rhine and Danube rivers in particular is at risk of drought, which would make it difficult for vessels to navigate later this year.

Average temperatures in Germany are 25% warmer than normal since September, based on Refinitiv data cited by Reuters. 

The combination of low snow and a drier 2022 has already hit hydro power production, with Refinitiv noting that France saw 41% lower hydro power production last year, based on long-term averages. France is also threatened this year (as it was in 2023) with higher river water temperatures that prevent it from access to cooling water for nuclear reactors–a main source of energy for the country. 

For power producers, the low snow totals come on the back of a drier-than-normal 2022, and leave hydropower production potential sharply below normal in several key countries. For Germany, Switzerland, Italy, Austria and the Danube region, a lack of rainfall is expected to hinder clean energy production this year.

In 2022, the Rhine and the Danube also experienced dry conditions at strategic points that prevented energy vessels from navigating them.  

According to Yale Environment360, last summer,the Danube was flowing at less than half its usual volume, with cargo barges grounded, waiting in line for a single channel that remained deep enough to traverse. 

By Charles Kennedy for Oilprice.com


More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News