India, Nov. 3 -- Europe is entering the winter heating season with its lowest natural gas storage levels in more than a decade, potentially extending tight conditions in global gas markets well into 2027, according to a new report by the International Energy Agency.
The Global Gas Security Review 2026, released on Tuesday, examines how a decade of structural changes are reshaping global gas markets and helping importers in some regions weather the supply shock stemming from the Middle East war.
The report finds that the global gas market has evolved substantially since the Security Review was first published in 2016, becoming more flexible, liquid and interconnected - but also more complex.
The expansion of spot trading and a growing sha...