European gas markets short-term outlook Q2 2019 Report

Commodity Market Report 04 June 2019

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What’s inside this report?

Our view of the European gas markets' short-term outlook, including our outlook for European gas balances and forecasts for Northwest Europe gas prices to 2020.

Key topics we discuss in this quarter’s report include:

Changes in European gas hub prices
How LNG imports into Europe are affecting supply and demand balances
The latest news on pipeline developments, including Nord Stream 2

Why buy this report?

Understand how supply and demand balances are changing and how this will impact pricing
Get our analysis of how major new pipeline routes will impact gas flows
Stay up to date with the latest news on the European gas market
Keep track of the pace of gas storage injections and what’s happening with inventory levels.

TThis report includes charts and datasets, including this one, which tracks gas supply levels into the European gas market. Scroll down for a full list of the tables and charts you will receive.

Report summary

Coal-to-gas switching levels become the key feature of European gas price setting through 2019 and 2020. With the level of Russian flows into Europe remaining a risk to the outlook. The strategy employed by Russia could look very different between 2019 and 2020 taking account of the new pipeline routes of Nord Stream 2, TurkStream and TAP which will all commission in late-2019. These new routes will reshape European gas flows and the cost of Ukraine transit in 2020 will not become clear until May 2019 at the earliest.