Feb. 6 at 7:25 AM
Despite being drug down by broader market weakness,
$VG should benefit from much stronger LNG demand from Europe this year. EU storage has now dipped below 40% of capacity and is 29% below 5-year average for this time of year.
As this graph shows, there is almost complete certainty that natgas reserves in the EU will end at levels much worse than those seen following Russian invasion of Ukraine in 2022.
