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EU Energy Crisis is Over: Repsol

NATURAL GAS

The European energy crisis is over as Europe’s dependency on Russian pipeline gas flows has been replaced with Norwegian pipeline natural gas flows and US LNG, head of research at Repsol, Antonio Merino, said, cited by Montel.

  • The replacement of Russian supplies means there is less geopolitical risk for prices, Merino said.
  • He added that there was no risk of gas supply shortages at the moment in contrast to 2022.

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