Global Energy Stressors: Europe's Oil Supply Problem || Aug 5, 2026
As Europe shifts away from Russian natural gas, they have turned to LNG from Qatar to fill the void. Unfortunately, that pivot has brought on its own set of problems.
The Iran War has impacted Qatari exports, leaving the Europeans in a sticky situation. With current storage levels well below average for Europe and Qatar's force majeure extended to September, the winter months could bring a harsh energy shortage for Europe.
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Comments (21)
Patreon is not the best forum for the quality of playback and catchup.
Beautiful route for a hike Peter
LNG Cheniere (LNG) sees Europe in challenging position and it will be difficult to get to 70% of Natgas storage capacity by winter, notes chief commercial officer Anatol Feygin
Trumps/Putins Iran war is paying off big time for Russia - wtg DJT...
"never been a strong business case" Justin Trudeau on exporting (LNG) directly from Canada's East Coast to Europe.
GLN Quebec was blocked by the Quebec provincial government. They have since made some contrary signals at times. I'm sure Carney would be on board if the "business case" is there. The key is whether the cost of moving gas over 2,000 miles from Alberta to the Saguenay makes that gas uncompetitive in European markets with gas from Texas, Algeria, or the Persian Gulf (which will be back online at some point).
Would love this video to extend to cover the Trans-Saharan Gas Pipeline and the proposed Africa-Atlantic Gas Pipeline from Nigeria to Morocco/Spain 2028. Europe has published their energy plan and that includes a lot of focus on Africa but there's geopolitics to navigate there too.
I feel bad for the Europeans. They couldn't even vote and they're still stuck with the stupid that is Orange Man.
Why are some comments being hidden,?
What are the chances countries 'will return to Russian gas' in desperation?
only after we break it apart
Peter, could you please get back to posting these videos prior to 9AM EST? I like being able to watch them before I start work for the day. Much appreciated!
Thank you Peter. Living in the Capital of ... "the South Carolina of Europe" ... concerning ... but important to know 🐝4 calamity arrives. Cheers Pete.
The heat wave has shut down Nuke power plants
And here in the Netherlands we're in the process of "forever" shutting in the largest on-shore gas field (because of years of corporate greed and denial, mind you) of Western-Europe when we're bound to be running into winter black-outs. the irony of Politics colliding head-first with brutal reality...
This winter we will all be seeing some effects.
Thanks Peter
Maybe this is the reason Putin is continuing the war. Hoping for next winter
Spain. LNG infrastructure. Gas Pipelines from North Africa. Just need pipelines through France.
Russian lobby made sure that pipe never reached Germany, there was a broad discussion, but the current Gazprom board director, Gerhard Schröder, that pipe was banned even under EU regulations....
Thanks for the update, PZ.