Insight
Energy crisis: Impact on European gas markets (6 Dec)
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Report summary
Demand is strong in response to the coldest November in five years, November storage utilisation was 3 bcm higher than average and LNG sendout has stepped up significantly. Prices remain high, reflecting supply uncertainty this winter In our fourth Energy crisis: Impact on European gas markets report, we explore the following: - How cold weather dynamics across Europe have affected demand and storage withdrawals? - Where do Gazprom's current European inventories sit relative to the 5-year average? - How much Russian gas is arriving in Europe and which routes are being utilised most? - How European pipeline suppliers and flows performed in November compared to 2020? - Which countries raised LNG sendout in Europe the most?
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