European gas storage remains under pressure despite easing Middle East tensions

EU gas imports by source and route from 2021 to 2026

European gas storage remains under pressure despite signs of de-escalation in the Middle East, with lower-than-normal inventories, continued competition for LNG cargoes and uncertainty over Strait of Hormuz shipping expected to keep prices elevated heading into winter 2026/27. Europe entered the 2026 refill season from an unusually weak position after inventories fell to just 28% at the end of winter. Baringa […]

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