PREMIUM CONTENT

European gas market enters price downturn as LNG supply rises and demand weakens
The European gas market shifted direction in the second quarter of 2025, with wholesale prices beginning to decline after three consecutive quarters of increases. Average wholesale prices fell quarter-on-quarter despite remaining above year-ago levels, signalling the start of a broader downward trend driven by rising global LNG supply, lower gas demand and milder seasonal conditions. Gas consumption declined year-on-year, reinforcing […]
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European biomethane faces structural constraints despite ambitious growth targets
European biomethane is set to play a growing role in gas decarbonisation, but high costs, feedstock limits and infrastructure challenges are likely to constrain large-scale deployment despite ambitious policy targets. European biomethane has emerged as a central pillar of EU gas decarbonisation strategies, supported by ambitious production targets under REPowerEU and national renewable gas programmes. However, this analysis highlights a […]
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European gas market enters a new era as LNG supply growth reshapes strategies and portfolios
The global LNG industry is entering the largest phase of supply growth in its history, with major implications for the European gas market. Large volumes of new LNG are coming online at a time when demand growth in Asia is stagnating, positioning Europe as the primary balancing market for excess supply. This shift is forcing a strategic reset across gas […]
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Coal-to-gas switching in Europe slows as fuel economics and ETS dynamics shift
Coal-to-gas switching in Europe is entering a more constrained phase, with recent market analysis showing that most economically viable switching potential has already been realised. While gas-fired generation remains structurally more competitive than coal and lignite, particularly in Germany, falling gas prices are no longer delivering additional fuel-switching gains. At the same time, EU ETS prices have increasingly decoupled from […]
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EUROPEAN GAS INSIGHTS

Market tightens as European gas storage becomes the key pressure point
The European gas market is tightening, with European gas storage increasingly acting as the key pressure point through which recent

The paradox of European gas storage valuation
European gas storage seasonal price spreads dropped into negative territory by the end of last week, paradoxically at a time

European gas storage starts 2026 from a weaker position
European gas storage entered 2026 at a notably weaker level than a year earlier, increasing the importance of winter weather
UPCOMING EVENTS
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Gas Prices
Supply and Demand

EU agrees historic phase-out of Russian gas by 2027

European gas demand surges 45% during first winter cold spell

Russia

US LNG exports to Eastern Europe strengthen regional gas security

Europe’s Russian gas ban: progress and loopholes









