The European Gas Market in 2016

This Energy Insight will describe the key features of the European gas market in 2016, a year in which demand continued to rebound but supply was, somewhat surprisingly, constrained. Colder weather and improved economic activity boosted energy demand, with gas benefitting because prices fell (in line with the oil price) while the cost of coal increased, especially towards the end of the year. On the supply side, the expected surge in LNG failed to materialize, allowing Russian supply to rise to record levels. This Insight will explore in more detail the reasons behind these outcomes, and will speculate on the potential implications for 2017 and beyond.

By: Anouk Honoré


Gas , Gas Programme


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