Europe Breaks Up With Natural Gas
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Demand Distruction
There is not enough LNG to entirely replace Russian gas. Even if we attract a really high proportion of this global spot share, you know, we can only replace around 60% really of the Russian gas volumes we usually got. That means that the market still has a lot of work to do to balance. Upside from other supply sources, especially now when you're increasingly thinking on a year on year basis, is really limited,. So, the demand side of the balance has to shift in order for us to have enough gas in storage.
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