Short-Term Outlook for the European Gas Market.
The analysis in this Comment will consider not only the EU but the wider Europe as well, including the UK and Turkey, as they are particularly relevant to achieving any reduction in gas imports from Russia.
The Comment reviews the prospects for gas demand in 2022 and 2023, what has been happening to pipeline imports from Russia and elsewhere and developments in the LNG market for this year and the next.
Finally, the overall gas balance for Europe is reviewed including the prospects for storage in the context of the EU’s target for storage to be 80 per cent full by 1 November 2022.