Will Europe Survive In The Tough Winters?


European wholesale gas prices have fallen back from their record highs in late August, but month-ahead prices still reflect concerns over market tightness through the upcoming winter.

Gas Demand

Russian gas supplies are now only delivered to Europe in small volumes via Ukraine and the TurkStream pipeline, adding to concerns already about Europe’s ability to refill storage sites in Summer 2023.

LNG supplies into Europe remain strong, but cold weather this winter could still test the European gas market, while continued low French nuclear availability is likely to boost gas demand in the power generation sector.

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Source: S&P Global


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