EU Sees No Immediate Gas Supply Risk but Warns of Long-Term Effects From Hormuz Blockage
Brussels, 09 April 2026 – The European Commission and EU member states said Thursday that gas supplies are currently secure, but warned that the blockage of the Strait of Hormuz could have lasting effects on energy flows.
Gas Supply Remains Stable
The statement followed a meeting of the EU Gas Coordination Group, which included officials, industry representatives, and transmission system operators. They discussed gas supply security amid ongoing Middle East disruptions entering their sixth week.
The European Network of Transmission System Operators for Gas (ENTSOG) reported that EU gas storage could reach at least 80% by November, depending on liquefied natural gas (LNG) availability. This highlights the flexibility and resilience of Europe’s energy infrastructure.
Market Volatility and Regional Damage
Although gas prices eased slightly after a temporary ceasefire, officials stressed that uncertainty persists. Damage to energy infrastructure in the Gulf remains, and LNG production has yet to fully resume. Member states are encouraged to use the flexibility provisions in the Gas Storage Regulation and consider early storage refills to stabilize the market.
Oil Supply Remains Stable
On Wednesday, the EU held an ad hoc Oil Coordination Group meeting. Representatives from the European Commission, member states, and the oil industry assessed EU oil supply security. Officials confirmed that supplies remain stable, though global price volatility continues.
The group emphasized the importance of transparency, coordination, and avoiding unnecessary market interference. Their findings will inform the upcoming “EU Toolbox” requested by EU leaders to address potential supply challenges.
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