EQT warns of Europe's gas shortages
Equinor, the largest supplier of natural gas in Europe, has forecasted that the European Union will fail to fill its gas storage to 80% before winter, due to tightening global supplies and increased competition with Asia. CEO Anders Opedal pointed out that European gas inventories are significantly low, at the second-lowest level in 15 years. This situation has been exacerbated by disruptions in shipping movements through the Strait of Hormuz as a result of the ongoing war between the United States and Iran, which has led some of the supplies to be diverted to Asia instead of Europe, following Europe's reduced reliance on Russian gas.
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