Insight
2023 Europe Gas Year in Review
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
European gas markets have rebalanced through 2023 despite the additional loss of xxx bcm of Russian piped gas last year versus 2022. Risks of demand curtailments faded, and gas prices fell from over US$ 20/mmbtu at the start of the year to US$ 10/mmbtu by the end of 2023. Nevertheless, the market remained reactive, and TTF prices were volatile due to events such as unplanned maintenance in Norway and threats of global LNG supply disruptions. We highlight major milestones and developments for the European gas industry in 2023 and dive into the following: • What were the main events influencing TTF prices? • How much volumes and who signed gas piped and LNG contracts? • What are the key factors that shaped Europe’s supply mix? • What drivers influenced each sector of gas demand?
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
2025 Europe Gas Year in Review
A review of the European gas market in 2025
$950
Insight
Are high prices affecting oil demand?
A global review of the impact of rising retail prices on downstream consumption
$1,350
Insight
How might sustained higher prices impact North Sea output?
Producers were unprepared for this latest shock, but upside is possible
$1,350
