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Supply coping with stronger demand so far - 02-12-2021

Prices appear to be consolidating at the current levels with supply so far able to cope with the strong winter demand. A healthy LNG schedule for December and slightly milder temperatures for mid December, could help price fundamentals move down. The concerns in the markets are focused on continental Europe, with storage levels dropping below 70% now. Gas flows from Russia are holding steady at similar levels to November.