Gas Market Report

Gas Market Outlook
June 7, 2021Joachim Endress

Joachim Endress is an independent gas market analyst, specialized in short- and mid-term forecasts for the European gas market

Since beginning of April we have seen a strong surge of prices at the European gas markets.

Due to high immediate demand in April and May and a strong rally at the carbon markets, the focus was clearly on the prompt.

Heavy Norwegian maintenances and lacking additional Russian capacity bookings on the Ukrainian transit route lifted the short end of the forward curve strongly upwards.

Summer-winter-spread was compressed significantly and reshaped the forward curve into an unusually strong backwardation.

In this report we focus on the currently most important fundamental drivers:

  • Global LNG market
  • LNG supply in Europe
  • Gas-to-Power Switching
  • European Storages
  • European pipeline supply

Find the report here: Gas Markets May 2021 .

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