New LNG physical balance index monitors glut conditions in real-time | Chart Deck — 19 Dec 2025
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European gas is trading in the fleeting umbra of an eerie calm. Eclipses always end — and this one ends in a searing winter burn
Attempts to break the US-Iran stalemate are raising the risk of conflict sprawling sideways into dimensions the market has not yet priced
EU gas price surges past €60 per MWh. But is the top already in?
Europe’s 2022 gas grab taught Pakistan that long-term contracts do not guarantee molecules. Consumers answered blackouts and price spikes with 50 GW of unplanned solar. The result is an energy paradox: Pakistan is short of LNG today, but long on contracted supply to 2030.