# EU could face a possible gas shortage as winter approaches

> An IEEFA report, shared with Politico, warns the EU could face a gas shortfall of up to 14 billion cubic metres this winter, about 7% of demand. EU gas storage is just over 70%, the lowest for this time of year since 2011, and ENTSOG's outlook shows similar risks.

- Date: 2026-11-15 · published 2026-11-15T12:25:34.941Z
- Category: macro · region EU · magnitude medium
- Page: https://feedsoft.ai/events/101314-eu-could-face-a-possible-gas-shortage-as-winter-approaches
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Tight European gas supply raises fertilizer (nitrogen) production costs and energy costs for EU processors, which can support feed prices and European crush and drying margins.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-08-26 | [Asian gas importers brace for steep winter LNG prices \| S&P Global](https://feedsoft.ai/events/45734-asian-gas-importers-brace-for-steep-winter-lng-prices-s-and-p-global.md) | +14.4% | +25.1% |
| NATGAS | 2021-09-24 | [Worldwide energy shortage shows up in surging coal, gas and oil prices: Kemp](https://feedsoft.ai/events/7927-worldwide-energy-shortage-shows-up-in-surging-coal-gas-and-oil-prices-kemp.md) | +15.4% | +1.4% |
| NATGAS | 2021-06-25 | [Natural gas prices rally as global shortages abound](https://feedsoft.ai/events/46762-natural-gas-prices-rally-as-global-shortages-abound.md) | +10.5% | +21.6% |
| NATGAS | 2018-07-03 | [Gas traders fear US winter price spike - Energy Risk](https://feedsoft.ai/events/64222-gas-traders-fear-us-winter-price-spike-energy-risk.md) | -1.3% | -2.8% |
| 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 | 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% | — |
| UREA | 2021-09-24 | [Europe's gas prices surge but who will cut consumption? Kemp](https://feedsoft.ai/events/7929-europe-s-gas-prices-surge-but-who-will-cut-consumption-kemp.md) | +6.2% | +39.6% |

## Sources

- 24-ore.com: https://24-ore.com/en/focus-ieefa-eu-could-face-a-possible-gas-shortage-as-winter-approaches/

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