Europe and the coming global LNG oversupply
February 10, 2026
Europe’s high reliance on spot LNG is likely to persist through 2030 if progress towards REPowerEU targets falls short. Despite a 17% drop last year (22 bcm), the EU has remained the world’s largest LNG importer since 2022, ahead of China and Japan. While new liquefaction projects and long-term contracts are coming online, ACER projects that the EU’s reliance on […]
