European gas prices fall due to ample supply, but market remains tight until new LNG projects are completed.

European and Asian LNG markets remain closely linked, with Europe's reliance on the spot market influencing prices. Asian demand continues to grow due to declining domestic production and increased gas usage in power sectors. European gas prices have dropped due to ample LNG supply and warmer weather, easing storage concerns. However, the European market will stay tight until new LNG projects are completed, as the region's ability to switch between gas and coal has diminished with the decommissioning of coal plants.