European Gas Storage Levels At Risk Of Dropping to ~5% of Capacity By Late March
Without from fundamental structural changes we are at real risk of gas scarcity across Europe by late March.
At the current run rate of injections and withdrawals, we could see a drop to ~5% of storage capacity.
Weather will have a material impacts on storage levels, but based on our analysis to date, the levels of European gas storage has had a material impact on the gas price rally.
We either need to use less gas, or procure more gas - but we cannot continue as we are.
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