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Energy crisis: Impact on European gas markets (10 Feb)
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Report summary
Europe imported record-breaking volumes of LNG in January, and more than Russian pipeline gas for the first time. LNG sendout is falling in February, but, Russian flows have stepped up and are supporting slower storage withdrawals In our sixth Energy crisis: Impact on European gas markets report, we explore the following: • European LNG sendout and Russian flow dynamics in January and February • European storage inventories and withdrawals relative to the 5-year average • January weather dynamics impacting both power/non-power gas demand • European power demand dynamics
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