Insight
Europe gas and LNG: 6 things to look for in 2023
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Europe enters 2023 with less market uncertainty than in 2022, following the Russian invasion of Ukraine. Russian imports now represent only 7% of the total Europe gas supply versus 27% in 2021, with limited downside risk beyond the disruption of flows through Ukraine transit. Continued weakness in demand and sustained LNG imports should help Europe to start next winter with healthy storage levels. But there are still risks that Europe could face. Security of supply and affordability will continue to be at the top of policy and corporate decisions. And companies will need to shape their portfolio of gas and LNG contracts and regas capacity. In this insight, we analyse six key trends in 2023 that will shape the European gas and LNG markets.
Table of contents
- 1. New drivers for European gas demand weakening
- 2. European governments’ intervention in markets
-
3. Uncertainties will subdue new long-term LNG volumes contracts
- European buyers’ challenges for long-term LNG agreements will continue
- 4. Open seasons in 2023 will secure long-term regas capacity contracting
- 5. Norway`s focus on maintenance and increased momentum for European upstream
- 6. A reconnection trend for European gas price differentials
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Beyond the headlines: What the data says about Australian LNG vs coal emissions
We examine Australian LNG versus coal to see how their emissions really stack up.
$1,050
Insight
European Power & Renewables: what to look for in 2025
While a majority of Europe’s power supply is now renewable, the progress of transition faces headwinds.
$5,000
Insight
Q2 2025 pre-FID project tracker: major upstream projects progress despite geopolitical headwinds
Our Q2 2025 outlook for global pre-FID upstream projects.
$6,750
