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Europe Enters Winter with Record Low Gas Reserves, Prices Up 150%
Europe is heading into the heating season with exceptionally low natural gas reserves, with benchmark prices rising more than 150 percent this year. Shipping disruptions in the Strait of Hormuz have blocked nearly one-fifth of global LNG exports from Qatar and the United Arab Emirates. Analysts warn that even a mild winter will not ease market pressure, with the most severe household price increases potentially coming only in 2027.
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