Energy Insights

Europe's gas market forecast – bearish or bullish?

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September 13, 2024

Price swings on the European gas market are notoriously difficult to predict. With gas storage facilities 93% full two months ahead of schedule and the heating season still a few weeks off, the short-term forecast for some market participants is bearish, but what factors are at play and what wildcards can we anticipate for the coming months? Reporting by Julia Demirdag. Contributors: Joachim Endress, Managing Director, Ganexo GmbH; and Francisco Gaspar Machado, Senior Power Research Analyst, LSEG Power Research.

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