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Gas consumption in the EU showing January 2026 demand surge compared with 2024 and 2025

European gas market tightens as demand surges and LNG imports hit record levels

The European gas market tightened sharply in January as colder weather lifted demand, accelerated storage drawdowns and pushed LNG imports to new highs. Rising gas-fired power generation and lower domestic output further increased Europe’s reliance on external supply, reinforcing the region’s exposure to global LNG competition and price volatility. The European gas market strengthened markedly in January, driven by a […]

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Southern Gas Corridor map showing TANAP and TAP route from Azerbaijan to Italy

Azerbaijan gas exports and Italy’s role in European energy security

Azerbaijan gas exports are becoming an increasingly important pillar of Europe’s diversification strategy, with Italy positioned as a key entry and transit hub through the Southern Gas Corridor. Azerbaijan gas exports have gained strategic importance in the context of Europe’s efforts to diversify supply following the structural reduction of Russian pipeline volumes. Through the Southern Gas Corridor and the Trans-Adriatic […]

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European electricity market prices in February showing broad declines with Iberian volatility

European electricity prices fall as gas and CO2 retreat while Iberian market diverges

European electricity prices declined across most major markets in the third week of February as lower gas and CO2 futures, higher renewable output and weaker demand weighed on power prices. Spain and Portugal moved in the opposite direction, with the Iberian market registering sharp weekly increases. European electricity prices fell in most major markets during the third week of February, […]

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Diagram of the EU’s fragmented climate policy architecture showing ETS, ETS2, ESR and LULUCF

EU carbon market reform and the future of European climate policy

EU carbon market reform is moving up the policy agenda as Brussels debates how to simplify and integrate its fragmented climate architecture. Proposals to converge carbon pricing systems around the EU ETS could reshape long-term energy price signals, including those influencing European gas demand. EU carbon market reform is emerging as a central issue in the debate over the European […]

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EUROPEAN GAS INSIGHTS
UPCOMING EVENTS