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NATGAS: European Apparent Gas Demand 3% Above Expectations

NATGAS
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While not quite as unseasonably high as the week prior, last week saw European apparent demand 3% above seasonal expectations on average, according to Giovanni Bettinelli, Independent consultant at GFB Insight, via LinkedIn.

  • Net storage injections have remained at about half of the rate from October 2023, with two markets, the Netherlands and Hungary, continuing to see withdrawals, Bettinelli said.
  • The result is likely to be a further 5-10 TWh removed from total volume in storage by the start of November.

 

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While not quite as unseasonably high as the week prior, last week saw European apparent demand 3% above seasonal expectations on average, according to Giovanni Bettinelli, Independent consultant at GFB Insight, via LinkedIn.

  • Net storage injections have remained at about half of the rate from October 2023, with two markets, the Netherlands and Hungary, continuing to see withdrawals, Bettinelli said.
  • The result is likely to be a further 5-10 TWh removed from total volume in storage by the start of November.

 

Keep reading...Show less