Natural Gas news and market movers: Europe is closed for Gas
- Russian LNG supplier Novatek is offering LNG to ports in Europe or Asia.
- European Gas storage facilities are over 92% filled up. However, any disruption would still be enough to see gas prices jump higher, according to Bloomberg.
- Bloomberg Economics still points to risks from Ukraine’s incursion into Russia as a tail risk for Gas prices that might jump in case Russia retaliates firmly.
- The news out of Germany that Volkswagen will cut its production facilities might mean less demand to come from the German industry as manufacturing in Europe retreats further, Reuters reports.
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