Natty
We need hot summer or natty below $1 is possible.
I am now publishing end-of-season projected natgas storage levels for EUROPE. I currently project a 4195 BCF maximum, +773 BCF above the 5-year avg or an alarming 109% of capacity. Either consumption increases or imports of LNG will need to fall to avoid exceeding capacity.
This year's total product supplied for the month of January was not good compared to previous Januarys'. However, it should get better as we move deeper into the year.
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