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GAS & POWER: Continued bullish momentum in gas markets with prices at their highest in over a year and heading towards October 2023 levels, weather updates for the first fortnight of February the main supporting factor in recent hours

The sanctions package presented by the EU Commission ruled out sanctions against Russian LNG, however, contradicting rumours in the Financial Times about a possible peace negotiation linked to the return of pipe supplies. Approval of the measures is expected in the coming weeks, while the plan for the energy phase-out from Russia is postponed to the end of March