The European natural gas market continues to experience volatility, as many of the underlying factors impacting the market are now part and parcel of the new normal.

These factors include:

• Supply disruption
• Demand rationalisation
• Tightness within LNG markets
• Europe’s Role as a balancing market
• Energy conservation and net zero measures

The monthly Argus European Natural Gas Outlook provides our clients with key proprietary data and independent analysis to help them understand changes in Europe’s supply and demand balance and their impact on global wholesale gas market pricing.

This report provides critical information required by our clients to make informed decisions on every aspect of the exposure they may have to the natural gas and LNG markets.

• Aggregated European balances: Aggregated European supply-demand balances, exploring major sources of supply and demand in discrete sections.
• Demand by segment: Quantitative and qualitative information about Europe’s key sources of consumption by type, including residential, commercial, industrial, and power sector gas demand, and European exports alongside gas storage injections.
• Supply by region and type: Quantitative and qualitative views on pipeline and LNG supply, alongside storage withdrawals. We provide additional detail for LNG supply and demand by region, given Europe’s exposure to an evolving global supply chain.
• TTF prices: Arbitrage-free 18-month Dutch TTF price forecast with monthly granularity. The forecast represents Argus’ average prompt delivered price expectations for a given month.
• Month-on-month changes: Monthly changes to forecasts and assumptions are explained in the context of key gas market developments.