Global LNG and European natural gas winter 2025-26 outlook | Oct 25

Global LNG Market Fundamentals:

• Detailed supply and demand forecasts through the winter heating season
• Analysis of new liquefaction projects expected to come online
• Impact assessment on global LNG availability and pricing dynamics

Regional Demand Analysis:

• Temperature outlook for major LNG importing regions
• Weather sensitivity analysis and demand projections
• Import requirement forecasting across key markets

European Gas Market Focus:

• Comprehensive European natural gas supply-demand balance
• Underground gas storage trajectory analysis
• Winter withdrawal patterns and replenishment implications

Summer 2026 Outlook:

• Storage rebuilding requirements and market implications
• Seasonal transition dynamics from winter draw to summer injection
• Forward market positioning considerations

Scenario Analysis:

• Temperature variation impacts - colder and warmer winter scenarios
• Quantified demand sensitivity to weather outcomes
• Liquefaction project timeline risk assessment
• Supply disruption contingency analysis

Market Sensitivities:

• Key variables that could alter supply-demand balance
• Upside and downside risk factors
• Critical decision points for market participants

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