Commodity Market Report
Europe gas and power markets short-term outlook Q4 2022
Report summary
As we end 2022, we estimate European gas demand will be down 10% versus 2021 – with industry the hardest-hit. The full impact of sky-high retail energy bills is yet to materialise this winter, but a cold winter brings significant upside for gas demand across Europe. Storage fill this summer surpassed expectations, setting Europe up well for winter. Under normal weather, we think Europe could end winter with 38% of gas in store, despite assuming Ukraine transit flows cease at the end of this year. A continued declining trend for gas demand will help inventories reach 90% ahead of next winer - but all hangs tightly on record-levels of LNG imports continuing to arrive in Europe next year. Read this report to understand: • How are high gas prices impacting different demand sectors across Europe? • 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?
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
27 February 2023
Europe gas and power markets short-term outlook Q1 2023
Commodity Market Report
Europe gas and power markets short-term outlook Q1 2023
High storage levels provide a safer start for 2023 – but prices will remain above oil parity as the balance remains tight
$5,00001 March 2023
China gas and power in brief
Insight
China gas and power in brief
Live updates and insight into China gas and power markets.
$95031 March 2023
Southern Cone gas and power short-term outlook: March
Commodity Market Report
Southern Cone gas and power short-term outlook: March
Monthly report analysing the gas and power fundamentals and prices in Argentina, Brazil, Chile and Bolivia until December 2024.
$2,000
