European natural gas information portal

Strengthening gas supply security after repeated market shocks

David Callanan
September 10, 2026

German gas storage hits historic low as refill window closes

David Callanan
September 10, 2026

European power prices surge as TTF gas hits highest level since January 2023

David Callanan
September 9, 2026

PREMIUM CONTENT

TTF and Italian PSV month-ahead gas prices from January to August 2026

Italian gas market intervention risks wider European distortion

September 9, 2026

The Italian gas market could face significant distortion under the government’s proposed Liquidity Service, which aims to narrow the price premium between the PSV hub and the Dutch TTF. However, the PSV premium may reflect the cost of transporting marginal gas supplies from north-west Europe rather than a genuine market failure. The measure could therefore distort price signals, displace LNG […]

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EU gas imports from non-EEA countries by supplier, including the US and Russia, from 2019 to 2026

US and Russia tighten their grip on European gas imports

September 9, 2026

European gas imports became more concentrated during the first half of 2026, despite the EU’s stated objective of diversifying its supply portfolio. Imports from the US increased by 8% year on year to 44 bcm, while Russian volumes rose by 14% to 22 bcm, lifting their combined share of EEA gas imports from 55% to 60%. Why we chose this […]

Chart showing European underground gas inventory over Oct–Sep. Shaded gray area = 8-year min–max range; blue solid line = GY-25; blue dotted line = GY-24; green dotted line = 8-year average. Y-axis shows trailing 14-day net storage change (bcm) from -12 to +8; X-axis months Oct–Sep. The graph depicts seasonal fluctuations with deepest negative change around January and recovery to positive changes by mid-year, peaking around Jun–Jul.

European gas market faces asymmetric winter price risk

September 9, 2026

The European gas market is heading towards winter with unusually low storage inventories and limited capacity to absorb further supply disruptions. This five-chart briefing examines how the prolonged loss of LNG supply through the Strait of Hormuz is reshaping global flows, demand and prices. European and Asian gas prices have climbed sharply as the market adjusts to a longer-lasting disruption […]

European gas pipeline infrastructure supporting gas storage and energy security

European gas storage faces a growing security paradox

September 9, 2026

European gas storage is entering a critical period as low inventory levels collide with weak commercial incentives to inject more gas. Storage facilities provide essential protection against cold weather, disrupted imports and delayed LNG cargoes, yet current market prices offer traders little reason to bear the cost of providing that collective security. Why we chose this report: This short analysis […]