The EU now mandates that storage must be 90% full by 1 November each year
Europe’s appetite for LNG to ease
Ample stocks and a soft demand outlook will limit how much LNG Europe can import this year
Europe’s role in the global LNG markets appears to be shifting once again. The energy crises of recent years saw the bloc become the premium marginal purchaser of LNG, as Europe desperately sought to break its energy dependence on Russia following the invasion of Ukraine. But two consecutive mild winters, high storage levels and a muted economic outlook mean European LNG demand looks relatively weak this summer and might be poised to decline as the region continues with its aggressive buildout of renewables and adoption of energy-saving measures in the coming years. Europe is poised to enter the summer months with record gas inventories for this time of year. Data from storage operator assoc
Also in this section
8 December 2025
The Caribbean country’s role in the global oil market is significantly diminished, but disruptions caused by outright conflict would still have implications for US Gulf Coast refineries
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
