Despite high levels of gas stocks and reduced gas consumption and imports, Europe’s biggest economy, Germany, is not out of the woods in terms of gas shortages, German industry and government
have been warning for months.
The supply situation on the global LNG market could further worsen just ahead of the heating season with the
ongoing dispute between Chevron and trade unions over pay and work conditions at two export facilities in Australia, which collectively account for 5% of global LNG supply.