The Tight Supply of LNG in Europe

The amount of natural gas arriving in Europe on a daily basis is still sitting between 30 and 35% lower than just ahead of the invasion of Ukraine. So we're getting close to a trade deficit scenario for Europe again. And that massive trade deficit or energy deficit rather through the autumn of 22 was basically the main driver, the main catalyst behind the weak Europe. The whole euro asset landscape is very much defined by this natural gas story at this juncture.