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GAS & POWER: Norwegian exports rebounded this morning on completion of planned maintenance at the Troll and Kollsnes sites, back above 300 million cubic metres. New maintenance of minor impact added yesterday on the second part of May

While Hungary declared that it will oppose by all means the phase-out plan from Russian gas, which could cost Budapest almost €2bn, the European Parliament voted positively on the proposed reduction of the storage fill target. The new guidelines, valid until 2027, set the target at 83%, with the possibility of a further 4% flexibility: formal adoption of the text is expected by the first half of June