Standard Chartered: “The power of Russia’s gas ‘weapon’ has deteriorated significantly,”. Europe started the 2021/2022 winter heating season with gas in storage below seasonal norms. Even if Russia cuts off all its gas flows to Europe, the injection season in Europe will end with enough gas in storage to provide “sufficient insulation.” Europe’s gas storage is filling despite significantly lower Russian pipeline supply this year, which has weakened the power of Vladimir Putin’s “gas weapon” against the EU, analysts at Standard Chartered say. “It was once thought unthinkable that Europe could get through a winter comfortably without Russian gas, but thanks to the strength of the inventory build, we now think it can,” the analysts said in a Tuesday note carried by Bloomberg . “The power of Russia’s gas ‘weapon’ has deteriorated significantly,” the bank’s strategists say. According to Standard Chartered, the pace of gas storage builds in Europe […]