Equinor Says Europe Gas Stocks Risk Shortfall If Hormuz Closed One to Three Months
Equinor stated that European natural gas inventories could reach critical levels if the Strait of Hormuz were closed for one to three months. The company did not specify the cause of any potential closure.
ibtimes.co.ukEquinor stated that European natural gas inventories could reach critical levels if the Strait of Hormuz were closed for one to three months. The company said the assessment is based on current storage volumes and typical winter demand patterns. It did not provide specific numerical projections for stock levels under the scenario.
European gas storage facilities currently hold volumes that are considered adequate for normal seasonal use. A prolonged disruption at the Strait of Hormuz would affect a major route for liquefied natural gas shipments to Europe. The company noted that alternative supply routes exist but would require additional time and capacity to offset any shortfall.
No immediate changes to storage management were announced.
Equinor said it continues to monitor global shipping routes and storage data. Further updates would be issued if conditions change.
Key Facts
Potential Impact
- 01
European utilities may increase purchases from alternative suppliers.
- 02
Storage operators could adjust withdrawal schedules if closure occurs.
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