INSUBCONTINENT EXCLUSIVE:
Efforts to stockpile fuel mean Europe and Asia are approaching winter with healthy inventories as governments seek to counter shrinking
Germany has hit 95 per cent, a level it aimed to reach by Nov
boosting optimism that Europe can avoid shortages or rationing, with natural gas prices falling to the lowest level since June
The region has been gripped by its worst energy crisis in 50 years as Russia slashes deliveries in retaliation for sanctions imposed over
Warren Patterson, head of commodities strategy at ING Groep NV in Singapore
traders are also storing LNG in vessels
Some 2.6 million tons of LNG were parked off the coasts of Europe and Asia earlier this month, according to energy intelligence firm Kpler
Fuel oil imports across Japan, South Korea, Pakistan, Sri Lanka and Bangladesh declined more than 50% last month compared with August, and
were more than 40% less than a year earlier, according to data from ship-tracking firm Vortexa
to cut consumption and a colder-than-normal winter could empty reservoirs quickly and make it harder to fill them next year, particularly
that the peak heating season is still ahead
Whistler, managing director of energy brokerage Vanir Global Markets Pte
