A Record LNG Year Looms for Europe as Markets Rebalance

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Europe is expected to break its record for LNG imports in 2026, driven by increased demand and the phase-out of Russian supply, according to the International Energy Agency.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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Europe is expected to import a record-high volume of liquefied natural gas this year as stronger demand for replenishing storage sites, the phase-out of Russian supply, and continued pipeline exports to Ukraine will drive increased demand, the International Energy Agency (IEA) said on Friday. After setting a record in 2025, European LNG imports are poised to reach a new all-time high of over 185 billion cubic metres (bcm) in 2026, the agency said in its Gas Market Report Q1 2026. Europe’s LNG imports hit an all-time high of over 175 bcm in…

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Original article published by OilPrice.com on January 23, 2026.
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