Energy Market Update 17/02/2026

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:

🌍 ICIS expects global LNG supply to rise 7% to a record 472m tonnes in 2026 as new and expanded export capacity ramps up across the US, Qatar, Australia and Canada, improving global availability.

🇬🇷 Greece’s Atlantic Sea LNG Trade is pursuing a 20-year US LNG deal for up to 15 bcm/year, supporting Southern and Central Europe supply security ahead of the 2027 Russian phase-out and weighing on gas prices.

☀️ The UK’s latest CfD auction secured a record 4.9 GW of solar within 6.2 GW awarded, signalling faster low-cost renewables buildout, weighing on longer-dated power prices and structurally reducing longer-term gas-for-power demand.

📊 Market commentator Kpler expects European LNG imports to rise 21% in 2026 to 125m tonnes as storage is expected to decline as low as 22% end of winter season, forcing a heavy summer injection campaign to rebuild inventories.

📈 European equities edged higher, led by gains on the STOXX 600, ahead of euro zone industrial production data and key earnings releases. This may support steadier energy demand amid signals of improved macroeconomic sentiment.

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