Documents
Annual Report 2025
Following a volatile start to 2025, the European gas market entered a more stable phase, although underlying uncertainties remained. Supported by strong LNG inflows, improved storage management, and steady imports, price volatility decreased significantly during the year.
European gas demand showed a modest recovery of approximately 3%, driven mainly by increased use in power generation due to weaker renewable output. Despite this growth, consumption remained below historical averages, highlighting the ongoing structural shift in the energy market.
