Managing congestion in European gas markets

In this Report, ACER monitors contractual congestion in the EU gas markets in 2022 and how it was addressed. Year-on-year demand for gas transport capacity varies based on factors, including fundamental gas market supply and demand dynamics, LNG market dynamics and expiration of long-term contracts. This Report covers a year that was marked by volatile and exponentially rising gas prices due to the fundamental mismatch of supply and demand, requiring a restructuring of supplies to replace missing Russian volumes by LNG.