Europe’s Low Gas Stocks Set Stage for Winter LNG Battle

Europe’s lowest levels of natural gas in storage in nearly two decades risk intensifying the race for LNG supply in the coming months as both Europe and Asia are competing for a shrinking pool of supply, with the Middle East’s LNG still blocked at the Strait of Hormuz.

“The potential for a global ‘fight for fuel’ is there, particularly in a colder winter,” Go Katayama, principal insight analyst for LNG at intelligence firm Kpler, told Bloomberg.