Global Gas Security Review and Q4 Gas Market Report

The 10th edition of the IEA’s Global Gas Security Review takes stock of a decade of profound structural changes in global gas markets, while also providing a comprehensive assessment of the effects of the Middle East crisis on regional and global markets. This year’s edition also includes the latest insights of the IEA’s quarterly Gas Market Report, which includes a special section looking ahead to the 2026-27 winter heating season in the Northern Hemisphere, with a particular focus on Europe. Gas storage levels there are at their lowest in over a decade, leaving a reduced buffer against supply disruptions. The report also examines the latest trends in LNG contracting and flexibility.