Watch on demand: European Natural gas winter outlook 2026

Prepare for the winter ahead with Wood Mackenzie's latest outlooks for North American and European natural gas markets. Our experts examined the supply, demand and pricing developments shaping risk and opportunity across these markets.

Thursday 22 October 2026 | 15:00 BST | 10:00 EDT 

This event has now taken place. 

The following topics were covered:

• Europe’s winter supply-demand balance 
• Middle Eastern LNG scenarios 
• Storage trajectories 
• Global LNG supply and demand forecasts
• TTF and European hub pricing 
• Key gas and LNG risks and opportunities 

This event has now taken place. Watch it on-demand.

Natural gas and LNG outlook: 

• Winter gas supply and demand balances 
• Production and supply-side risks 
• LNG feed gas demand, Canadian Imports and Mexican Exports 
• Storage, weather sensitivity and pricing 
• Five-minute oil view: associated gas supply and producer economics 
• Five-minute power view: winter demand and gas-fired generation 
• Key risks and opportunities for winter 2026/27 

Oil market watch:  

• Key oil-market developments likely to influence North American gas production 
• Implications for associated gas supply and producer economics 

Power market watch:  

• Winter power-demand outlook 
• Gas-fired generation trends and implications for natural gas consumption