European gas market faces weaker demand but continued global LNG pressure

Chart showing year-on-year changes in European natural gas imports and Norwegian deliveries from Q1 2025 to Q2 2026, with LNG inflows falling sharply in Q2 2026.

European gas market conditions are expected to remain challenging despite weaker gas demand, according to the latest quarterly global gas market outlook. While stronger renewable generation and higher gas prices are projected to reduce European gas consumption this year, the analysis also highlights that global LNG market disruptions continue to influence European prices, LNG imports and overall security of supply. The […]

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