Kpler – Global LNG & European Natural Gas Winter Outlook, 2025-26

The main theme of the report is the analysis of the global LNG market and the European natural gas market for the winter period of 2025-2026.

Key findings include an expected increase in LNG supply by 22 million tons per year, reaching 236 million tons this winter. The Atlantic basin will lead with a 21% year-on-year growth, driven by steady supplies from the US. New liquefaction projects will add 23 million tons per year of liquefaction capacity this winter, serving both the Atlantic and Pacific basins.