We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 

Commodity Market Report

Europe gas and power markets short-term outlook Q3 2022

Get this report


You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

30 August 2022

Europe gas and power markets short-term outlook Q3 2022

Report summary

The exponential gas price growth witnessed in 2022 so far has hampered gas demand across Europe. And as winter approaches, gas demand will remain subdued with heating expected to reduce the most as sky rocketing energy bills will influence households’ behaviour. We anticipate Europe will reach 86% storage levels by 1-November 2022. And new LNG infrastructure will accommodate record levels of LNG in Europe next summer, comfortably refilling storage levels ahead of winter 2023/24. But cold weather dynamics and further Russian supply disruptions provide considerable risk this winter and Europe’s ability to refill storage next year. Read this report to understand: • How much further will European gas demand decline in a high-price environment? • How does Europe refill gas storage levels next summer, and beyond? • How much LNG will Europe import in the next two years? • What is the outlook for prices at TTF in the next 2 years? • Will NBP continue to trade at discount to TTF?

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:

  • Document

    Europe Gas And Power Markets Short Term Outlook Q3 2022.pdf

    PDF 1.57 MB

  • Document

    Europe Gas And Power Markets Short Term Outlook Q3 2022.xlsx

    XLSX 3.80 MB