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UAE presidential adviser Dr. Anwar Gargash emphasized at a Prague conference that the ongoing turmoil in the Strait of Hormuz poses a serious risk to European energy supplies and trade, highlighting the need for Europe to engage more actively in safeguarding navigation routes in the region amidst escalating instability linked to the Iran conflict. #StraitOfHormuz #EuropeanEnergy #MiddleEastInstability

Equinor's CFO warned that Europe is unlikely to achieve its goal of filling gas storage sites to 80% before next winter due to low supply and unfavorable market prices, with current storage levels at around 30%, potentially leaving the gas market vulnerable to disruptions. #EuropeanEnergy #GasStorage #LNG #NO #QA #US #IR