Stores are full
Norwegian Prime Minister Jonas Gahr Store said after a call with Commission Chairperson Ursula von der Leyen that Norway One of Europe’s major gas suppliers is “skeptical” about capping the price, and that “a price cap will not work for the basic problem that there is so little gas in Europe.”
Goldman Sachs expects stocks to reach high levels early in the winter, “enough to absorb above-average inventory drawdowns while leaving them more than 20% full” by the end of March.
“We see this as paving the way for a sense of urgency to destroy the demand we’re seeing now and gradually replace it with market comfort that it will work through the winter,” analysts including Samantha Dart said in a research note. in the first quarter.
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European storage sites are 84% full, slightly above the 5-year average, according to Gas Infrastructure Europe, as the region adds more facilities to receive LNG, with the last terminal opening in the Netherlands last week.