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NATGAS: Incentives to Refill EU Gas Storage Expected: Vitol

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A resolution on who will finance gas into storage is expected in the next couple of weeks with “some incentives” expected, such as subsidies or negatively-priced storage, said Vitol CEO Russell Hardy cited by Bloomberg.

  • “There’s a perceived shortage over the next 12 months as a result of the pipeline cuts in Russia,” Hardy said.
  • “There’s clearly a need to ration a bit of demand in the way we did in 2022 and 2023”
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A resolution on who will finance gas into storage is expected in the next couple of weeks with “some incentives” expected, such as subsidies or negatively-priced storage, said Vitol CEO Russell Hardy cited by Bloomberg.

  • “There’s a perceived shortage over the next 12 months as a result of the pipeline cuts in Russia,” Hardy said.
  • “There’s clearly a need to ration a bit of demand in the way we did in 2022 and 2023”