Germany’s Rehden gas storage facility
European gas in strong position as winter looms
Plentiful supplies of LNG and weaker competition from Asia mean the continent looks in good shape ahead of the cold season
Europe has enjoyed lower gas prices over the past two months, supported by relatively high storage levels. Barring major demand or supply shocks, the continent is in a good situation as winter approaches, helped by ample global LNG supply and weaker Asian competition. The reprieve follows a sharp price spike earlier this year, driven by the loss of Russian gas transit through Ukraine on 1 January, weaker renewables output and what leading industry figures described as overly rigid EU storage rules. Those regulations distorted prices in the spring as companies scrambled to meet targets, with some speculators exploiting the situation. By accepting Arctic LNG 2 cargoes, Beijing may be tes
Also in this section
3 March 2026
The killing of Iran’s Supreme Leader Ayatollah Khamenei in US–Israeli strikes marks the most serious escalation in the region in decades and a bigger potential threat to the oil market than the start of the Russia-Ukraine crisis
2 March 2026
A potential blockade of the Strait of Hormuz following the escalating US-Iran conflict risks disrupting Qatari LNG exports that underpin global gas markets, exposing Asia and other markets to sharp price spikes, cargo shortages and renewed reliance on dirtier fuels
2 March 2026
The South Asian consumer’s next move could tighten the Middle East oil market overnight
2 March 2026
Canadian independent’s evolving portfolio in Trinidad and Tobago gives it access to the Atlantic LNG market and a close-up view of developments in neighbouring Venezuela
