The overall Gas supply just got smaller with Chesapeake reducing its output production for 2024. It is set to reduce nearly 20% of its total output for 2024 already.
LNG is flowing above average with more than 17% inflow on top of the normal 30-day average.
The bullet point above shows that Europe is busy refilling and restocking its Gas stores with its eye on the next heating season.
Several benchmark futures are soaring with that active buying taking place in the Natural Gas futures markets.
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