Deep Freeze Risk Raises Stakes for Europe’s Gas Supply
Switched On9 Okt 2025

Deep Freeze Risk Raises Stakes for Europe’s Gas Supply

Winter is coming, and with it a rise in demand for natural gas. With growing liquified natural gas exports from the US now crossing the Atlantic and filling European storage, the continent looks to be well prepared for the coming winter. However, BloombergNEF weather analysts are forecasting that this winter could be a cold one, with the possibility of reduced wind speeds eating into turbine generation, piling even further pressure on natural gas reserves. So just what impact could these unfavorable weather conditions have on gas commodity prices, and with the “third wave of liquefied natural gas” set to flood global markets, could we be facing an upcoming supply glut? On today’s show, Dana Perkins talks with BNEF weather analyst Jess Hicks and gas team senior associate Olympe Mattei-D’Ornano about the note “European Gas Winter Outlook 2025-26: Final Crunch?”

Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal or on bnef.com

Links to research notes from this episode:

European Gas Winter Outlook 2025-26: Final Crunch? - https://www.bnef.com/insights/37391

Weather Shifts Stir Europe’s Power Markets - https://www.bnef.com/insights/37673

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