European gas demand fundamentals H1 2023 review and short-term outlook

This paper examines how the energy crisis continues to impact gas demand in Europe with a focus on the fundamentals in the three main sectors: industrial, residential and commercial and power. The European gas market is still tight but new LNG import capacity has been added, storage filling was already over 80 Bcm at the end of June 2023, and overall gas (and electricity) demand has gone down with limited prospects of a rapid recovery this year Gas supply and demand balances will continue to be a complex puzzle with many moving pieces, but minimizing gas demand will remain necessary to […]

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