Equinor warns of critical Europe gas stock levels
Equinor executives report that European gas storage currently sits at 35% capacity, well below the seasonal norm of 50%. A prolonged shipping disruption in the Strait of Hormuz could prevent member states from reaching the 90% storage target required for the upcoming winter season.
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EQUINOR ASA warned that European gas stocks could reach critical lows if shipping through the Strait of Hormuz remains blocked for one to three months. Inventories currently sit at 35% capacity, trailing the seasonal average of 50%. A prolonged disruption threatens the European Union's mandate to reach 90% storage levels by early December.
