Commodity Market Report
Europe gas and power markets short-term outlook Q1 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
European gas markets are having a safer start for 2023. A warm winter and price-driven demand response lead Europe to end winter with almost 50% storage levels, well above the 5-year average of 33%. Despite the loss of Russian gas supply, due to the reduced need to fill storage, Europe is in a good position to achieve the 90% target legislated by the EU for the 1st of November 2023. Still, the global balance remains relatively tight. And pricing will require to stay in the higher range of the coal-to-gas switching in Europe and above oil parity.
Table of contents
- The main report is in a slidepack format with an enhanced data pack download covering the full European gas balance
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Middle East conflict: implications for European power markets
Europe’s power markets will remain volatile for as long as the gas supply disruption persists.
$5,000
Insight
Southern Cone gas and power: 2025 in review
Our recap of the key trends shaping market fundamentals and prices in 2025
$950
Insight
Europe power: 2025 in review
In this review of Europe's power volumes and prices in 2025, we explore key influences, events and market dynamics over the past 12 months
$5,000
