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Freeport outage fuels already heightened supply fears

The closure of the Freeport LNG facility in the US, for up to six months, adds to concerns about Europe’s ability to fill its gas storage tanks ahead of winter. We always suspected that supply concerns would re-emerge this year and, as a result, we continue to forecast prices at around €120 per MWh at end-2022.
Caroline Bain Chief Commodities Economist
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