European gas market faces tight winter as LNG competition limits storage replenishment

European gas market: EU-27 and UK gas supply by source in bcm, OIES Figure 13

The European gas market is entering winter 2026/27 under growing pressure as disruptions to Middle Eastern LNG exports intensify competition with Asian buyers, limiting Europe’s ability to replenish gas storage and increasing the risk of price volatility. EU gas storage ended September at just 71.6% of capacity, approximately 12.2 bcm below the previous year. European LNG imports fell to 28.7 […]

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