Standard Chartered: Putin’s Gas Weapon Is Weakening As Inventories Build ...Middle East

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Europe's gas storage is filling despite significantly lower Russian pipeline supply this year, which has weakened the power of Vladimir Putin's "gas weapon" against the EU, analysts at Standard Chartered say. "It was once thought unthinkable that Europe could get through a winter comfortably without Russian gas, but thanks to the strength of the inventory build, we now think it can," the analysts said in a Tuesday note carried by Bloomberg. "The power of Russia's gas 'weapon' has deteriorated significantly," the bank's strategists say. According…

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