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European gas hub price differentials versus Dutch TTF in Q2 2025

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 and biogas production growth in Europe from 2011 to 2024

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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Change in European gas balance showing LNG imports driving higher supply in 2026

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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EUA prices versus hard coal to gas substitution price showing decoupling of carbon and fuel switching economics

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
UPCOMING EVENTS