Energy Market Update 18/11/2025

Welcome to our weekly energy market update, where we share the latest trends, shifts, and key developments impacting the energy sector. Whether it’s fluctuations in oil and gas prices, changes in renewable energy policies, or updates on energy infrastructure projects, we’re here to help you stay informed. Join us as we break down the most important factors influencing the market this week, and explore what these changes could mean for your business.

Current Market Drivers:

🔌 Ukraine has secured US LNG imports via Greece to cover winter needs from Dec-25 through Mar-26, easing short-term supply concerns. This comes as Greece secure it’s first long-term contract to supply US LNG to Europe.

📉 European gas markets are experiencing their lowest volatility in four years, since before Russia’s invasion of Ukraine, supported by abundant global LNG supply with loadings up 16% year-on-year.

📊 Macroeconomic conditions continue to weigh on broader market sentiment, as European businesses brace for the full impact of Trump’s tariffs next year, weak Asian industrial data, and concerns over US investor confidence continue to stifle economic growth.

🚢 The UK government plans to ban maritime and insurance services for Russian LNG exports in 2026, potentially disrupting Arctic LNG 2 deliveries, especially to Asia, and further constraining Russian exports, increasing competition for alternative supplies.

⚠️ Turkey’s oil and gas contract with Russia’s Gazprom is due for renewal in the new year. Contract length and volumes remain undisclosed, creating uncertainty over remaining Russian supply to Europe.

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