Will this year’s El Niño deepen Europe’s LNG crunch?

Forecasters put the odds of an “El Niño” this summer at 60–70%, raising the risk of droughts and heat that could disrupt LNG transit through choke points like the Panama Canal. With about 20% of global LNG already sidelined by the Strait of Hormuz closure and Europe’s gas stores depleted, analysts warn the weather shock could push prices higher and make refilling storage ahead of winter far more costly. Watch experts weigh the risks and what it could mean for Europe’s supply and markets.

Reporting by Julia Demirdag, Reporter, Montel News.

Contributors: Klaas Dozeman, Meteorologist, Brainchild Commodity; and Isaac Hankes, Senior Weather Researcher, LSEG.