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European gas: will there be enough supply this winter to meet demand?

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07 October 2021

European gas: will there be enough supply this winter to meet demand?

Report summary

The unprecedented high prices and volatility we are seeing in Europe go way beyond current market tightness and cut to the heart of a very real concern: will there be enough gas this winter to meet demand? The answer is: it depends. Many dynamics will influence how the European market will balance this winter, including how much LNG, pipe imports and domestic storage will be available for Europe, how will demand respond to these record prices and how much capacity – and actual supply - will be available from Russia. But the key factor that will define whether demand will be met is weather dynamics, not only in Europe but also in Asia and Russia. This is Wood Mackenzie’s European gas winter outlook, exploring how the market could balance and whether there is going to be enough gas this winter to meet demand.

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  • Document

    European Gas Will There Be Enough Supply This Winter To Meet Demand NOTES.pdf

    PDF 916.68 KB

  • Document

    European Gas Will There Be Enough Supply This Winter To Meet Demand.pdf

    PDF 853.56 KB