Looming LNG oversupply: what will drive gas prices in 2026?

The global LNG market has been tight since 2022, with prices remaining around USD 10/MMbtu (about EUR 30/MWh). 

 However, with the one-year countdown to the complete phase-out of Russian gas starting next month, and a new wave of LNG capacity from the US and Qatar expected to come online from next year - could prices drop as low as USD 7/MMbtu? 

 In this episode, Richard sits down with LNG analysts and geopolitical experts to discuss how Asia could see a strong demand rebound in the next few years, why Germany's declining industrial gas consumption puts downward pressure on long-term demand into Europe. But there is a note of caution as structural challenges in the US LNG construction industry are likely to  cause supply delays. 

Host: Richard Sverrisson - Editor-in-Chief, Montel News

Contributor: Laurence Walker - Deputy Editor-in-Chief, Montel News

Guests: 

Henning Gloystein - Managing Director of Energy and Resources, Eurasia Group. 

Saul Kavonic - Head of Energy Research, MST Financial.

Editor: Oscar Birk

Producer: Sarah Knowles