perspectivecase against
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Storage levels being much lower than usual and supply disruptions from major exporters pose serious risks. If a cold winter hits, Europe may struggle to meet demand, leading to higher prices or shortages. The shift away from Russian gas has not been fully compensated by other sources yet, making the storage buffer precarious.
controversy
Supporting arguments
- Storage fill is 15-20 percentage points below five-year averages.
- Loss of Russian and Qatari gas imports limits refill capacity.
- High gas prices and market conditions reduce incentive to inject gas.
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