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Bullboard - Stock Discussion Forum Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The... see more

TSX:VET - Post Discussion

Vermilion Energy Inc > nat gas - Europe
View:
Post by whoLuLu on Aug 11, 2021 12:38pm

nat gas - Europe

Europe’s Natural Gas Crunch Deepens

 

"Gazprom PJSC is withdrawing natural gas from some of Europe’s storage facilities, denting critical efforts to rebuild supplies ahead of winter.

The world’s biggest producer is taking fuel to compensate for lower supplies via the Yamal-Europe pipeline through Belarus and Poland to meet demand from customers, said a person familiar with the matter, who asked not to be identified because the information is private.

Europe is heading for a winter gas crisis unless it can rebuild its depleted inventories quickly. But despite record prices, inventories are still at the lowest for this time of year in more than a decade, with cargoes of liquefied natural gas heading to Asia to meet soaring demand there. Outages in the North Sea are also curbing supplies.

Inventories are being withdrawn from:

Comment by whoLuLu on Aug 11, 2021 3:36pm
https://www.rigzone.com/news/wire/era_of_cheap_natural_gas_ends-06-aug-2021-166124-article/
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