European natural gas prices have trended higher this year and are likely to fluctuate around €40-45 per MWh until conditions in the global LNG market loosen. That said, prices will drop back meaningfully once the wave of LNG supply arrives, with a good chunk arriving in 2026 and 2027.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services