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Western European storage at record levels

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Report summary

Increased security of supply concerns brought about by the Russia Ukraine conflict has increased the importance of having sufficient gas in storage in the event of a disruption of Russian gas through the Ukraine. By the end of October Western European inventory reached a record 61 bcm aided by healthy summer winter price differentials which has improved the commercial position of storage. This reverses a trend of reduced storage utilisation in recent years.

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    Western European storage at record levels

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