Brussels Mandates Drastic Winter Gas Rationing
As of June 29, 2026, the European Union faces a critical inflection point, with projections indicating gas storage levels could plunge to a 15-year low by the onset of the winter heating season. Despite efforts to diversify supply chains following the structural decoupling from Russian pipeline gas, a combination of sluggish global liquefied natural gas (LNG) capacity additions, unexpected infrastructure outages in Norway, and heightened competition from East Asian economies has severely restricted Europe’s refilling capabilities during the crucial spring and summer months.