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European Gas Storage Can't Survive 3 More Months Of Hormuz
European Gas Storage Can't Survive 3 More Months Of Hormuz
Authored by Alex Kimani via OilPrice.com,
Europe risks a major gas storage shortfall if disruptions through the Strait of Hormuz continue for another 1–3 months, with inventories still far below normal seasonal levels.
LNG supply disruptions, strong Asian demand, and distorted gas pricing have made refilling storage unusually difficult and expensive across the EU.
Equinor warns prolonged disruptions could push Dutch TTF gas prices toward €90/MWh, forcing industrial demand destruction and fuel switching across Europe.
Europe could face a critical shortfall in natural gas...
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