JPMC Utilities Daily: 08 July: Global LNG Analyzer, SVT, ANE, EOAN x2, PNN, European Natural Gas

Research evidence excerpt

JPMC Utilities Daily: 08 July: Global LNG Analyzer, SVT, ANE, EOAN x2, PNN, European Natural Gas

J P M O R G A N Europe Equity Research

08 July 2026

JPMC Utilities Daily

08 July: Global LNG Analyzer, SVT, ANE, EOAN x2,

PNN, European Natural Gas

ACSector Headlines EuropeanJavier GarridoUtilities & Clean Energy

(34-91) 516-1557

javier.x.garrido@jpmorgan.com

J.P. Morgan Securities plc

AC• Global LNG Analyzer: Asia leads, Europe to catch up (Research Available) Pavan Mahbubani, CFA

• Severn Trent: Ofwat concludes wastewater investigation (44-20)pavan.mahbubani@jpmorgan.com7134-3056

• Acciona Energia:J PMorgan-backed Nadara wins €430m bid for Acciona J.P. Morgan Securities plc

wind portfolio Alejandra Botbol

• E.ON: UK CMA seeks comments on E.ON’s acquisition of OVO Energy (44-20)alejandra.botbol@jpmorgan.com3493-8711

• E.ON: Oskarshamn reportedly in talks over E.ON stake in district heating J.P. Morgan Securities plc

network Samanvitha Theegela

• Pennon: £350mn Green Debt offering in 2 parts (91-22)samanvitha.theegela@jpmchase.com6157-5846

• European Natural Gas: Demand & Storage Tracker: Lower temperatures J.P. Morgan India Private Limited

temper gas burns (Research Available) Mukund Verma

(44-20) 7742-4181

mukund.verma@jpmorgan.com

J.P. Morgan Securities plcSector News

Specialist Sales contact details:

Ian Mitchell - Specialist Sales -

European Energy

Global LNG Analyzer: Asia leads, Europe to catch up (44-20) 7134-1356

(Research Available) ian.e.mitchell@jpmorgan.com

Global LNG imports held up better than expected in June, supported by a recovery

in Asian demand. Global LNG imports averaged 1,507 Mcm/day in June, down

only 27 Mcm/day (1.8%) YoY. After months of decline and broadly flat YoY trend

in May, China's LNG imports rose 5 Mcm/day (2%) YoY in June. Demand