OIES – Quarterly Gas Market Review: Europe Storage Refill Limits Price Declines

The main theme of the report concerns the state of the gas market in Europe, particularly in the context of gas storage refills and their impact on price declines.

Key findings include: Gas prices in Europe slightly decreased by the end of the third quarter. Gas storage levels in Europe are recovering ahead of the winter season. Global LNG supplies are becoming more significant for the European gas market. Gas demand in Europe remains weak, with no signs of structural recovery. Forecasts of weaker gas prices in 2026 and beyond are based on looser balances due to new supplies.