Europe is nearing the end of winter with record-high levels of natural gas in storage—news that has been appropriately celebrated in the media. Yet declarations that the crisis is over appear to have been premature. Because even with this record gas in storage and much lower prices, Europeans are being told they need to continue saving gas until at least next winter. A Brussels think tank that has gained a lot of attention for its reports in the last couple of years has come out with a new report, saying that LNG imports and gas demand cuts…
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