European Gas Storage Can't Survive 3 More Months Of Hormuz

3 African oil giants to benefit from Europe’s natural gas crisis if Hormuz disruptions persist for 1–3 months…

Equinor warns European gas storage stands at only 35–37% capacity — well below the 50% seasonal norm — with Dutch TTF prices potentially hitting €90/MWh if Hormuz disruptions last 1–3 months. Algeria, Nigeria and Angola are emerging as critical alternative suppliers, with Algerian crude exports to Spain and France surging over 100% in April 2026, signalling a structural reorientation of European energy procurement away from Russian and Gulf sources.