European gas market integration will become increasingly critical as the EU moves to phase out Russian gas imports and reconfigure flows across Central and Southeast Europe, according to Greg Molnar. The EU’s ban on Russian gas imports is set to kick in at the end of April, with imports fully phased out by Nov 27 […]
European gas demand has rebounded more than 10% above seasonal expectations, tightening short-term market fundamentals as exports to Ukraine recover and year-on-year consumption gains exceed 5 bcm. European apparent demand returned over 10% above seasonal expectations last week. The total year-on-year increase in consumption has now crossed 5 Bcm. Last week also saw a recovery […]
European gas storage has fallen sharply since the start of the heating season, with the growing deficit likely to drive record LNG imports and intense summer refilling in 2026. The EU’s 5Y storage deficit doubled since the start of the heating season to 16 bcm, with inventory levels now standing 30% below their 5Y average. […]
TTF gas prices have swung violently in recent days, underscoring how sensitive the European gas market remains to weather, supply flows, and geopolitics. Between bulls and bears: After surging by nearly 40% through January, TTF month-ahead prices plummeted by nearly 15% today (January 2) — their steepest decline since Sep 2023, when crisis-mode volatility still […]
Global gas prices rose sharply across all key markets in January, with winter cold spells, geopolitical tensions, lower renewables and market repositioning all fuelling upward volatility in the first month of 2026. In the US, Henry Hub prices soared by 80% YoY to $7.7/mmbtu — their highest January average since 2008 (so before the shale […]
European LNG imports surged in 2025 and are set to reach a new all-time high in 2026, as LNG becomes an increasingly structural component of the region’s gas supply and energy security. Europe’s LNG imports surged by a whopping 30% in 2025 and are set to reach a new all-time high record in 2026, with […]
TTF gas prices surged sharply in January as tightening European fundamentals widened the premium over Asian spot LNG benchmarks, underscoring Europe’s sensitivity to weather, storage levels and short-term market signals. TTF’s premium over JKM widened to its highest level since Apr23, driven by stronger European gas demand and dwindling storage levels. TTF month-ahead prices surged […]
The European gas market is tightening, with European gas storage increasingly acting as the key pressure point through which recent demand and flow dynamics are being absorbed. Below are the key numbers for European gas demand and storage withdrawals since 1 January: European apparent demand has been 2.5 bcm higher than in 2024 and is […]
European gas storage seasonal price spreads dropped into negative territory by the end of last week, paradoxically at a time when the EU is heavily relying on gas storage sites to ensure gas and electricity supply security. Last week’s bull run asymmetrically impacted the forward curve: Summer 2026 contracts gained almost 15%, while the less […]