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Gazprom fails to book in gas capacity for Ukraine - 16-11-2021

Prices lifted yesterday and so far this morning, reacting to the fact GazProm failed to book any capacity into Ukraine on Monday. This combined with muted capacity booked between Ukraine and Slovakia, as well as via the Poland/Germany route exacerbated supply concerns, with only daily auctions left to improve supply.

Rising COVID-19 cases in Europe are helping to cap price gains this morning as we see the Netherlands and Austria re impose partial lockdown measures.