European power prices ease as gas markets weaken
December 16, 2025
Warm weather suppressed UK gas demand in Q2 and reshaped flows—less Norwegian pipeline gas, more LNG, and higher re-exports to Europe—underscoring the UK’s role as a flexible LNG gateway. UK natural gas demand fell 8.6% year on year in Q2 2025, led by a 23% drop in household consumption amid record-warm weather. Pipeline imports declined 19% on Norwegian outages, while […]
