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Category: Supply and Demand

Map showing the Northern Sea Route linking Russian LNG export terminals with Asian markets, compared with the traditional shipping route via the Suez Canal and Strait of Malacca.

Russian LNG cargoes reach Asia earlier amid Hormuz disruption

Chart comparing LNG import competitiveness across major European markets, showing Italy and Germany emerging as the strongest destinations for LNG cargoes ahead of winter

Italy and Germany emerge as leaders in competition for LNG cargoes this winter

Stacked bar chart showing top-5 EU regions by value of Russia's fossil-fuel purchases in April 2026, in billions of EUR, broken down by LNG (peach), Pipeline gas (orange), and Crude oil (purple). France has the highest total, followed by Hungary, Belgium, Slovakia, and Spain; each bar aggregates the three fuel types to show overall expenditure per region. Source line visible beneath.

Russian LNG exports to Europe remain resilient as gas market tensions intensify

European gas storage injections chart showing 20% year-on-year decline since April 2026 compared to five-year average levels

European gas storage injections lag as negative seasonal spreads slow filling

Yamal LNG export routes to Europe and Asia via Northern Sea Route and Suez Canal

European energy policy paradox: Russian LNG exports hit record highs amid Hormuz supply shock

Time-series line chart showing percentage variation from seasonal demand expectations from late Feb to mid-Apr 2026, with an orange filled area under the line and values swinging above and below zero.

European gas demand falls amid mild weather, easing LNG market pressure

Line chart showing European gas in storage compared with previous years, with 2026 levels below 2025 and well below 2023 and 2024 through early April.

European gas demand and Europe’s LNG vulnerability after winter 2025–26

European gas demand deviation from seasonal expectations April 2026

European gas storage injections delayed as demand rises

European gas storage refill LNG requirements chart 2026

How much LNG needed to refill European gas storage

European gas market share of global LNG supply reduction March chart

European gas market absorbs the largest share of LNG supply cuts

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