Dunkelflaute: driving European gas demand volatility

This paper by the OIES examines the impact of two recent Dunkelflaute episodes January and November 2024 on European gas demand (EU27 + UK) and the need for growing flexible supply. That flexibility is provided by LNG import and regasification capacity and underground gas storage capacity working in tandem, in response to pricing signals that reflect surges in demand. Gas-fired […]