Market insight papers
Argus global LNG market view, winter 2025-26
Learn about Argus' view on the key supply and demand fundamentals affecting the global gas market this winter by downloading this paper.
Global gas markets have held relatively stable in recent months, with prices still in double-digit territory. This is despite a continued slowdown in demand from key import markets, particularly in Asia, as well as mounting pressure on the supply side from new liquefaction terminals rapidly ramping up operations. A weak outlook for downstream demand in several key markets increases downside risks for the coming winter, although lower European underground stocks are a cause of market uncertainty and potential volatility.
What is in store this winter? Argus' winter 2025-26 market view will address the following topics:
- What are the prospects of Chinese LNG demand rebounding this winter?
- How much additional LNG supply is poised to reach the market in the coming months?
- How is demand evolving in other key Asian markets — such as Japan, South Korea, India?
- To what extent are renewables, efficiency measures and behavioural changes continuing to affect European gas demand?
- How is the freight market reacting to the supply ramp-up, and is there scope for floating storage to provide additional flexibility?
This insight paper was created by Argus’ gas experts using data and analysis from the Argus LNG Daily service and Argus Global Gas Markets service.
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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 as 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 firsthand from the market.
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