Doomberg ⢠7994 implied HN points ⢠06 Mar 26
- The EU weakened its industrial competitiveness by replacing cheap Russian pipeline gas with much more expensive LNG, and some of that LNG still came from Russia.
- Brussels plans a phased ban on Russian pipeline gas and LNG by 2027, but that policy risks sharp price and supply shocks during the transition.
- The war that shut down Qatarâs Ras Laffan LNG exports has tightened global gas supplies and will hit the EU hardest, raising the danger of a repeat 2021-style energy crisis and deeper deindustrialization.