Executive summary – Gas Market Report, Q1-2026
Article Summary
- Key point
- Global LNG supply growth accelerated to 10% (28 bcm) year-on-year in H2 2025, leading to significant price drops. LNG prices fell by 14% and 17% respectively in the second half of 2025.
- Why it matters
- Could ease pressure on household energy bills over time.
- Expected impact
- Likely positive impact — Points to improving conditions in the UK energy market.
Global LNG supply growth accelerated to 10% (28 bcm) year-on-year in H2 2025, leading to significant price drops. LNG prices fell by 14% and 17% respectively in the second half of 2025.
What This Means
This is excellent news for UK energy consumers, as global LNG prices directly influence our wholesale gas costs. Increased supply and falling prices internationally should translate to lower energy bills here in the UK, assuming these savings are passed on by suppliers. We've seen the devastating impact of high global gas prices, so this trend offers a much-needed reprieve and greater market stability.
- Consumers: Could ease pressure on household energy bills over time.
- Businesses: May lower energy overheads or open new savings for businesses.
- Energy market: Points to improving conditions in the UK energy market.
From The Source
International Energy Agency · 14 July 2026
This summary and analysis is based on reporting from International Energy Agency. Read the full original article on their website.
Read on International Energy AgencyRelated Guides
Go deeper on the topics in this story.
Are Your Energy Bills Too High?
Six reasons UK bills run high — and how to fix each one.
Read Guide GuideHow to Read Your Energy Bill
Decode every line on your gas or electricity bill.
Read Guide GuideCan I Challenge an Estimated Energy Bill?
How to dispute an estimated bill and get billed on real readings.
Read Guide GuideHow Suppliers Calculate Monthly Payments
Why your direct debit is what it is — and how to get it corrected.
Read GuideRelated Calculators
Put the numbers to work for your own home.
UK Energy Bill Calculator
Estimate your full annual bill from kWh usage, unit rate and standing charge.
Launch Calculator CalculatorUK Standing Charge Calculator
Work out your annual standing charge and compare supplier figures.
Launch Calculator CalculatorShould I Switch Energy Supplier?
Decision framework: is switching worth it right now?
Launch CalculatorJoin The Free UK Energy Briefing
Receive weekly updates on energy prices, supplier changes, standing charges, power cuts and major UK energy developments.
No spam. Unsubscribe anytime.
Compare Related Suppliers
How the suppliers in this story score on our intelligence dashboard.
British Gas
DecliningThe UK's largest supplier remains financially rock-solid but service and complaint metrics continue to lag the market, with sma…
Compare SupplierEDF Energy
StableEDF is a steady, financially robust supplier with mid-table service and fair fixed-tariff renewals.
Compare SupplierOctopus Energy
ImprovingOctopus continues to lead the UK market on customer service and complaint handling, backed by genuinely competitive smart tarif…
Compare Supplier