EnergyWatch

Energy suppliers hit pay dirt in EU's surprise deep freeze

Companies that sell natural gas have seen sales and exports surge at the start of the year as Europe scrambles to secure enough supplies to manage the harsh weather.

Photo: Fred.Olsen Windcarrier

It only took a few cold weeks to break Europe free from its three-year-long energy glut.

From Houston to Oslo and Moscow, companies that sell natural gas have seen sales and exports surge at the start of the year as Europe scrambles to secure enough supplies to manage the harsh weather. After forecasts for a mild winter, January temperatures plunged enough to freeze rivers and cut off supplies for tens of thousands of homes.

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