European gas storage outlook weakens as Hormuz disruption persists

Europe and Asian month-ahead gas prices from 2024 to early 2027

The outlook for European gas storage has weakened as prolonged disruption to Qatari and UAE LNG supply continues to tighten the global market. New analysis suggests that if recent LNG supply and demand trends persist, EU and UK storage could reach only around 65.5% of capacity by 1 November, below an earlier projection of 70%, with stronger gas-fired power demand potentially adding […]

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