HomeMediaLatest NewsGas prices in Europe will fall due to an oversupply of LNG on the market

Gas prices in Europe will fall due to an oversupply of LNG on the market

04 January 2026

Belogoryev Alexey M. Research and Development Director, Director of the Center for Energy strategic analysis and forecasting

Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance, commented to the TASS news agency on the dynamics of global gas prices in 2026.

Alexey Belogoryev stressed that gas prices in 2026 will be under double pressure: spot quotes will decrease due to the emerging excess of LNG capacity (especially starting in the second half of the year), and oil-linked contract prices due to falling oil prices. According to the expert's forecast, spot prices at the TTF hub in Europe will fall by 15-20% to about $ 350 per thousand cubic meters. In Asia, the decrease will be about 15% to $ 370.

 

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