Europe’s natural gas situation is far from bleak if politicians are to be believed. With storage levels, hovering between 91-100% full, some sighs of relief are heard in NW European gas markets. The upcoming winter season no longer looks like a doomsday scenario, especially not as long as LNG vessels are floating in front of European ports, waiting to unload their cargoes.
The reality, however, is looking a bit bleaker, even with current high storage levels and Russian gas still entering European markets. Supply-side constraints…Can North African Gas Fill The Gap In Europe?
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