Commodity Market Report

Europe Gas Highlights H2 2020

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Europe Gas Highlights outlines the key changes to our updated view of the European gas market, fully integrated with our global view. In this update, we have extended our forecast out to 2050 for the first time. Prices are approaching US$8/mmbtu for the first time since 2018, driven by cold weather and LNG supply disruptions, while a spike in demand across key Asian markets has pulled LNG away from the Atlantic. January's market dynamics point to a tighter summer in Europe, resulting in a stronger outlook for TTF in 2021 versus our previous view, averaging US$5.6/mmbtu. To access the accompanying data pack, go to the downloads section and click on the link to get the Excel file.

Table of contents

  • Short and medium term – market recovery gaining momentum
  • Long term – decarbonisation drives changes to supply and demand
  • LNG, Russia benefit from Europe's increasing import dependence

Tables and charts

This report includes 1 images and tables including:

  • Europe gas prices

What's included

This report contains:

  • Document

    Europe Gas Highlights Prices H2 2020

    XLSX 246.70 KB

  • Document

    Europe Gas Highlights H2 2020

    PDF 919.43 KB