Low Gas Storage and Diesel Shortages Threaten Europe’s Winter Supply

Tightening global supply of oil and gas is putting Europe on course for a difficult winter this year due to the continent’s significant dependence on energy imports, despite energy transition ambitions.

Gas in storage is much lower than it should be, and a diesel crunch is threatening fuel oil supply security for the heating season.

It could turn into a perfect storm.

The first warning signs emerged as early as March, as the U.S. and Israeli war against Iran crippled Qatar’s LNG export infrastructure, forcing the Gulf state to declare…