Low European gas stocks heighten competition for flexible LNG
The IEA reported Europe entering winter with its lowest gas stocks since 2013. Hormuz disruption cut Qatar and UAE loadings by over 60 bcm during March–October.
Original source ↗2026-11-06 · revision 2 · Information cutoff 2026-11-06T11:34:53.015393+00:00
TOPIC
Middle East, shipping and energy
Reduced LNG through Hormuz and thin European stocks intensify winter procurement competition. Flexible cargoes and substitute fuels support supply, while import costs and household burdens vary across countries.
Fuel costs squeeze households and import budgets
UNCTAD figures presented on 4 November show diesel rising about 83% in Nigeria versus 9% in Ireland from late February to late August. Taxes, subsidies and exchange rates shape the difference.
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