Natural gas consumption in Portugal increased by 11.1% to 45.0 TWh in 2025 compared to 2024, yet remained 20% below the five-year average, according to the Energy Services Regulatory Authority (ERSE). The growth was driven by a 92.7% surge in the electricity market, largely due to the use of gas-fired power plants following an April 2025 blackout, while industrial and distribution sectors saw declines. Meanwhile, the average price on the Iberian Gas Market (Mibgas) fell by 32% to €29.75/MWh, and Portugal ended the year with gas storage levels at 93.5% of capacity.