Gas market outlook 2025/26

5 min read 10 September 2025 By Mashal Jaffery, expert on Gas and LNG and Peter Thompson, expert on Global Gas Markets

Natural gas markets remain fascinating, thriving and dynamic. Fundamental shifts in the energy market since the peak of the crisis in 2022 have the served to underline the resilience and enduring role that natural gas will play for decades to come. Energy transition – and especially clean molecules – headwinds have led to a growing consensus of a more enduring bullish role for natural gas. 

In this edition of our gas market outlook:

  • We revisit (and amend) six key pivot points across both the supply and demand landscapes, all of which will play a key role in the future evolution of the global gas market.
  • For each pivot point we consider the impact and implications for players across the gas and LNG value chain – all of whom must continue to respond and adjust at pace.

See below to access the latest iteration of our Global Gas Market Outlook:

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