LNG market stress to persist for years
But a supply glut could be coming later this decade
Europe’s attempts to substitute Russian pipeline gas with seaborne LNG upended the whole sector in 2022, resulting in record price spikes and significant uncertainty ahead of the heating season. Europe prepared by filling gas storage sites, reducing demand and aggressively rolling out new LNG import infrastructure. Nevertheless, there were fears the bloc would find itself short of energy, and that would likely have caused another surge in LNG prices, with knock-on effects for competing Asian buyers. Instead, the global gas markets narrowly avoided a serious supply crunch this winter, aided by milder-than-usual temperatures across the northern hemisphere and muted Chinese demand. But the gas
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
