Coin Bureau
Coin Bureau|Mar 23, 2026 23:52
🇪🇺 BREAKING: Europe's energy nightmare in 5 numbers: 1. The EU spent €117.4 billion on US LNG alone from 2022 to mid-2025. The US supplies 58% of Europe's LNG. That makes Trump the gatekeeper. 2. Qatar supplied 20% of global LNG before Iran struck Ras Laffan. That supply is now offline. Qatar's energy minister says it will take "weeks to months" to normalize even if the war ends today. 3. EU gas storage is at 30%. The seasonal average is 54%. Europe is entering its refill season with nearly half the buffer it normally has. 4. The EU banned Russian LNG imports on March 18, 2026. Five days ago. Europe just lost its Russian backup at the exact moment Qatar went offline and the US is using supply as trade leverage. 5. European natural gas prices (TTF) have surged over 100% since February 28th. From €30/MWh to nearly €70/MWh in 3 weeks. Three of Europe's four major gas sources are now compromised at the same time: Qatar offline, Russia banned, US threatening to restrict access. Only Norway remains stable. The EU votes Thursday on a $750 billion US energy deal. They no longer have the option to say no.(Coin Bureau)
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