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Gas Stores Seen Cushioning EU From Ukraine Supply Risk

Europe’s biggest stockpiles of natural gas since at least 2009 are damping the threat of any potential disruptions in supplies from Ukraine, the main transit route of Russian fuel to consumers in the west.

Storage of the fuel in the U.K., the region’s biggest market, is 25 percentage points above average for this time of year, while levels in the Netherlands are 19 points above the mean, data from National Grid Plc and Gas Infrastructure Europe show. Stores would last beyond the winter heating season even if flows were cut, Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt, said today by phone.