Russian president Vladimir Putin has “lost the energy war” and the worst of the European gas and power crisis has passed, according to Pierre Andurand, one of the world’s top-performing traders in the sector.
Andurand, whose energy focused hedge funds have enjoyed three bumper years of returns during the coronavirus pandemic, said he had closed out all his positions in natural gas markets because last year’s price surge to record levels was unlikely to be repeated, with Europe learning rapidly to live without Russian gas.
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