International Gas Union Warns of Global Supply Squeeze Until Summer 2026

Key Facts

1The International Gas Union warned that global natural gas supplies will likely remain tight until at least next summer.

2Supply shortages could lead to prolonged demand destruction, severely impacting both Europe and Asia.

The International Gas Union warned that global natural gas supplies will likely remain tight until at least summer 2026. The organization's Secretary General, Menelaos Ydreos, told Reuters that the market currently reflects expectations of a prolonged conflict, complicating global energy security.

Supply shortages could lead to prolonged demand destruction, severely impacting both Europe and Asia. Reuters reported that European benchmark gas prices surged more than 17% in the 30 days leading up to September 24, 2026, with prices hitting a three-year high of 80 euros per MWh during the current month.