Episode 1486: Think Tank: War brings new risks for gas supply, especially for Europe and Asia

The Middle East conflict is disrupting global gas markets, with increased risks for Europe and Asia gas supply security.

• European storage levels below last year
• Germany faces particularly low inventories
• Middle East disruption limits LNG availability
• Europe competing with Asia for cargoes
• Gas prices likely to remain elevated
• Demand destruction may soften impact of low storage levels
• LNG market outlook shifts from surplus to deficit
• Chemical companies urged to plan for rising energy insecurity
• Diesel and petroleum increasingly short globally
• Risk that US may place export ban on energy products, diesel and petroleum