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Gas Market Report

NORTH WEST EUROPE: Large Cargoes: Buying interest for the large propane cargoes continues despite demand starting to show signs of disappearing. Players are viewing May as being the month to buy for storage and bids for these cargoes have been maintained in the $890s for most of the week but have gradually moved down into the $880s as crude dipped and some of the buying was completed. There is at least seeking to cover his storage requirement and another to replenish his near empty terminal. Several cargoes have left the area during May but this is somewhat alleviated by at least one large import of 44 kts propane heading in this direction.

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