European gas market outlook 2026: demand rebounds, LNG rises, and prices stay elevated

Bar chart showing Europe’s LNG imports by country in 2024 and 2025, with France, the Netherlands, Spain, Italy and Türkiye among the leading importers.

European gas market outlook 2026 points to a modest recovery in demand after several years of contraction, with Europe’s gas consumption rising to 461 bcm in 2025. The report highlights stronger gas-fired power generation, higher LNG imports, and continued reliance on natural gas for heating, storage security, and grid flexibility as Europe moves into a more stabilised but still fragile […]

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