# Europe needs a warm winter to avoid major gas shortages – Chemicals and the Economy

> European gas storage stood at about 72% full, well below the 90% level expected at this point, according to the article. LNG prices are rising as the Strait of Hormuz closure cuts about 20% of world supply, and Europe is competing with Asia for scarce US cargoes. The article also cites the halt in Russian pipeline purchases and the closure of the Groningen field.

- Date: 2026-11-15 · published 2026-11-15T12:11:56.547Z
- Category: macro · region EU · magnitude medium
- Page: https://feedsoft.ai/events/101128-europe-needs-a-warm-winter-to-avoid-major-gas-shortages-chemicals-and-the
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Low storage and expensive LNG raise the risk of winter gas rationing and higher industrial costs in Europe. Gas-linked nitrogen fertiliser production could tighten, supporting urea and ammonia prices.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-09-23 | [On the cusp of Europe's winter season, gas storage hits 10-yr low](https://feedsoft.ai/events/7928-on-the-cusp-of-europe-s-winter-season-gas-storage-hits-10-yr-low.md) | +15.2% | +3.2% |
| NATGAS | 2017-12-01 | [China's Gas Push Bites as Winter's Arrival Brings Fuel Shortages](https://feedsoft.ai/events/68160-china-s-gas-push-bites-as-winter-s-arrival-brings-fuel-shortages.md) | -8.4% | +8.5% |
| NATGAS | 2026-05-15 | [Asia LNG demand rebound lifts upside risks to Europe gas prices, Goldman Sachs says - The Economic Times](https://feedsoft.ai/events/19440-asia-lng-demand-rebound-lifts-upside-risks-to-europe-gas-prices-goldman-sachs.md) | +8.3% | +8.7% |
| NATGAS | 2026-10-28 | [European natural gas prices soar: What it means for your winter bills](https://feedsoft.ai/events/625-european-natural-gas-prices-soar-what-it-means-for-your-winter-bills.md) | +0.7% | — |
| NATGAS | 2021-10-05 | [Gas price surges to a record high in Europe on supply concerns](https://feedsoft.ai/events/44766-gas-price-surges-to-a-record-high-in-europe-on-supply-concerns.md) | -6.6% | -10.0% |
| UREA | 2021-09-23 | [On the cusp of Europe's winter season, gas storage hits 10-yr low](https://feedsoft.ai/events/7928-on-the-cusp-of-europe-s-winter-season-gas-storage-hits-10-yr-low.md) | +2.2% | +39.6% |
| UREA | 2021-12-06 | [This Chemical Is in Short Supply, and the Whole World Feels It](https://feedsoft.ai/events/43912-this-chemical-is-in-short-supply-and-the-whole-world-feels-it.md) | -0.3% | -1.0% |
| UREA | 2026-10-28 | [European natural gas prices soar: What it means for your winter bills](https://feedsoft.ai/events/625-european-natural-gas-prices-soar-what-it-means-for-your-winter-bills.md) | -1.3% | — |

## Sources

- icis.com: https://www.icis.com/chemicals-and-the-economy/2026/11/europe-needs-a-warm-winter-to-avoid-major-gas-shortages/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.