Ok, let’s see. European gas companies don’t want to put gas into storage when gas is at historically high prices. Why don’t they want to do that? May it be because they don’t want to put this hyper-expensive gas into storage now as it essentially becomes impossible to sell for a profit later? And all the reasonably priced long-term gas is needed to make a buck when the market goes apecrap. I don’t blame them – I would do that. Thats going to be a hell of a winter.
European gas storage levels may have started to drop, the latest sign that the region’s energy crisis is getting worse.