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2026-07-16 07:50:11
[Iran War Hinders European Gas Stockpiling, Storage Lag Raises Concerns] (1) The Iran war has driven up natural gas prices, making it more difficult for Europe to replenish its winter reserves, squeezing the profit margins for traders who purchase and store gas. (2) The conflict has severely disrupted LNG transport through the Strait of Hormuz (which previously carried about 20% of the world's liquefied natural gas flow), while Iranian attacks destroyed 17% of Qatar's LNG export capacity. (3) Since the outbreak of the war, European gas prices have soared by more than 70%; currently, the EU's gas storage facilities are only about 52% full, and the gas injection rate is lower than the same period last year and the average summer of the past 10 years, raising concerns in the market that some countries will be unable to meet their storage targets.
