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Stacked bar chart showing Central and Eastern European LNG imports by source country from 2021 to 2025.

European gas market resilience requires deeper market integration

European gas market resilience will depend increasingly on deeper integration across regional gas markets as policymakers seek to build on the diversification measures introduced following the 2021-22 energy crisis. New analysis argues that while Europe has made significant progress in reducing its reliance on Russian gas supplies, further gains in energy security will require stronger cross-border infrastructure, greater regulatory harmonisation and […]

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Line chart comparing euro area HICP all-items inflation and HICP energy inflation from 1998 to 2024.

European gas markets remain a key driver of euro area inflation

European gas markets continue to play a central role in shaping inflation across the euro area, despite significant improvements in energy security since the 2022-23 crisis. New analysis examines how gas price shocks affect households, industry and economic growth, arguing that natural gas remains one of the most important transmission channels between energy markets and broader inflation trends across Europe. […]

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Chart showing higher oil and gas import costs for Türkiye due to the Hormuz crisis

Turkish gas imports exposed to higher costs amid Hormuz disruption

Turkish gas imports could face significantly higher costs if elevated energy prices persist following the disruption of shipping through the Strait of Hormuz. New analysis highlights Türkiye’s heavy dependence on imported natural gas and warns that rising gas prices could add billions of dollars to the country’s energy bill, underlining the continued importance of supply security and import diversification across regional […]

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Line chart showing average European wholesale electricity prices from 2021 to 2026, with major price shocks in 2021 and 2022 highlighted.

European electricity prices remain exposed to gas market shocks

European electricity prices remain vulnerable to disruptions in global gas markets despite years of energy market reform and investment in renewable generation. In a special edition of the Oxford Energy Forum examining the implications of the Strait of Hormuz crisis, one article explores how fossil-fuel price shocks continue to influence power markets whenever gas-fired generation sets the marginal electricity price, highlighting […]

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EUROPEAN GAS INSIGHTS
UPCOMING EVENTS