European power prices ease as gas markets weaken
December 16, 2025
The EU’s gas system has structurally pivoted to LNG backfilling dwindling Russian pipeline flows, with total EU demand broadly flat to 2035 before a steep decline thereafter. bp’s Energy Outlook 2025 shows the EU replacing lost Russian pipeline gas largely with LNG and some non-Russian pipe, keeping total gas demand roughly unchanged to 2035 in its “Current Trajectory.” From the […]
