Market insight papers
European gas market view, summer 2026
Examine Europe’s gas supply outlook, storage refill risks, LNG competition, and price impacts ahead of a challenging summer
Europe faces a daunting summer as it seeks to refill heavily depleted gas storage sites while global LNG supply is curtailed because of the Middle East war and Russian gas is being gradually phased out. In this paper, Argus examines the key questions shaping the outlook:
- How much will Europe be able to build storage levels — and how will the picture vary by country?
- How will competition for Atlantic-basin LNG cargoes between Europe and Asia play out?
- To what extent will elevated gas prices curb demand in industry and the power sector?
- What scope is there for higher domestic gas production and increased pipeline imports?
- Will Ukraine need imports to refill its storage this summer?
This insight paper was created by Argus’ gas experts using data and analysis from the Argus European Natural Gas service and Argus Global Gas Markets service.
Download the insight paper
About Argus Media
As a leading authority on energy and commodity markets across the globe, Argus is uniquely positioned to provide in-depth analysis and expert thought leadership. Our white papers are carefully written by Argus specialists from across our company. Each white paper focuses on a topical theme, exploring areas such supply and demand dynamics, price trends, trading activity and changing regulations. We always aim to provide a balanced view, underpinned by data and insight gathered first hand from the market.
Speak to our experts today
Register below and we will customise a solution that meets your exact needs. When you speak to one of our experts, you may be qualified to sample our industry-leading products on a no-cost basis.
You can unsubscribe from these updates at any time. We manage your personal data in accordance with our privacy policy.