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North Sea gas production decline shown against UK gas demand

North Sea gas production decline puts UK import dependence in focus

North Sea gas production is expected to meet a declining share of UK demand, increasing the importance of imported supplies even as gas consumption falls. Licensing policy, taxation and decisions on undeveloped fields will shape the remaining production outlook. The implications extend to LNG requirements and supply security, while the extent to which additional domestic production could lower gas prices […]

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European gas market chart showing monthly gas consumption in Germany for 2024, 2025 and 2026

European gas market pressures feature in global review of supply, storage and prices

European gas market conditions tightened in August 2026 as stronger power-sector demand coincided with low storage levels and competition for LNG cargoes. EU gas consumption rose 5.2% year on year, while underground storage ended the month at 65% full. These European developments form part of a wider global assessment of gas demand, production, trade and prices, connecting regional pressures with […]

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European gas storage model valuation compared with cleared capacity auction prices

European gas storage value shifts from seasonal spreads to trading flexibility

European gas storage can still generate value even when buying summer gas and selling it forward for winter offers little or no return. The ability to adjust injection and withdrawal decisions as prices move becomes central to storage economics. Filling obligations, winter stock requirements and trading costs also shape returns, making seasonal spreads alone an incomplete guide to what storage […]

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European natural gas pipeline infrastructure supplying retail gas markets

Retail gas prices remain elevated as Europe weighs electrification costs

Retail gas prices in Europe remain nearly 70% above pre-crisis levels, with EU households spending an average of €1,170 on gas in 2025. This report examines household electricity and gas prices, affordability and the financial incentives for electrification. It highlights how relatively expensive electricity, network charges and taxes can discourage switching from gas to electric technologies. Why we chose this […]

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EUROPEAN GAS INSIGHTS
UPCOMING EVENTS