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European gas security complacency is being tested again

Editor
May 19, 2026

TTF prices breach €50/MWh as LNG supply concerns return to European gas market

Editor
May 19, 2026

Russian LNG exports to Europe remain resilient as gas market tensions intensify

Editor
May 13, 2026

PREMIUM CONTENT

Chart showing projected EU LNG supply by country from 2026 to 2030, with Russian LNG falling to zero and US and spot market volumes rising.

Europe’s shift away from Russian gas creates new LNG trade-offs

The European Union’s push to phase out Russian gas is reshaping its LNG supply portfolio — but replacing Russian volumes with growing dependence on US and Qatari LNG could introduce fresh geopolitical, pricing and supplier concentration risks for European energy markets. Europe’s move away from Russian gas is changing the structure of its LNG portfolio. The report finds that replacing […]

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Line chart showing LNG import volumes for the EU27, China, Japan, South Korea and India from 2016 to 2025.

European LNG market faces rising supply concentration and volatility risks

European LNG dependence is continuing to deepen as the European Union restructures its gas supply portfolio following the collapse in Russian pipeline imports, increasing the region’s exposure to global LNG market volatility, supplier concentration risks and competition for flexible cargoes. ACER’s 2026 monitoring report shows that EU LNG imports reached a record 146 bcm in 2025, while the US supplied […]

Chart showing German hydrogen demand projections by sector from 2025 to 2045, including chemicals, refineries, steel, power and transport.

Weak German hydrogen demand raises infrastructure and cost concerns

German hydrogen demand uncertainty is raising growing questions over the scale and cost of the country’s planned hydrogen infrastructure expansion, as concerns mount that industrial uptake may fall short of projections used to justify major network investment. German hydrogen demand may fall at or below the lower end of official forecasts, according to IEEFA, as electrification and imported hydrogen derivatives […]

Chart showing residential gas prices including taxes across European capitals in April 2026, with Stockholm the highest and Kyiv the lowest.

European household energy prices highlight lingering impact of gas market shocks

European household energy prices continue to reflect the impact of gas market volatility and geopolitical supply risks, with retail electricity and natural gas bills rising across multiple European capitals during April despite the broader easing of the 2022 energy crisis. European household energy prices remained under pressure in April as gas market volatility continued to affect retail electricity and natural […]