Commodity Market Report
Europe gas and power markets short-term outlook Q3 2024
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Europe's gas storage levels have already reached their 2024 target of 90%. Tighter fundamentals driven by limited LNG supply growth and a further reduction in Russian piped supply will characterise 2025. A new global LNG supply wave will ease market tightness and put downward pressure on prices through 2026, but the market looks less oversupplied than previously anticipated.
Table of contents
- The main report is in a slidepack format with an enhanced data pack download covering the full European gas balance
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What's included
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