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Home Commodities Energy Gas Gas Europe prices, markets & analysis

Gas Europe prices, markets & analysis

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  • Regional Outlook
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We publish independent price assessments for matured and emerging natural Gas markets, as well as in-depth analysis on price drivers, authoritative commentary and daily news-which can be easily accessed on the ICIS Dashboard

We provide our information in a range of Gas reports, including our European Spot Gas Markets daily spot pricing report, Gas In Focus, our fortnightly round-up of the gas market along with our quarterly European Gas Hub Report.

Use ICIS information to:

  • Access the latest robust price assessments
  • Assess price drivers and fluctuations
  • Support your contracts and negotiations by using our figures
  • Respond quickly to market changes

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Regional Outlook

Updated to Q2 2018

European Gas supply was broadly stable year on year in the second quarter of 2018. However, there was greater dependence on Russia than previously. Russia was already the EU’s largest supplier but volumes deliveries have increased further in the last quarter. The higher Russian deliveries to Europe largely made up for lower EU domestic production. The lower production is linked to measures implemented due to earthquakes in the Dutch Groningen production region, as well as dwindling reserves in other countries.

Demand in the second quarter of 2018 was higher than would usually be expected in early summer. This was due to shippers adding more Gas than usual to storage sites after these sites were drained by cold weather at the end of the winter. Injections into storage normally take place when the price is cheapest, but the low levels of Gas in store meant many countries were injecting despite less favourable prices. This was particularly the case in Italy.

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Our products

Gas news and market information products from ICIS

We offer the following regional Gas analysis and news coverage to keep you informed of factors and developments affecting prices in the Europe Gas marketplace.

Price reporting

  • More information about the price reports we publish on Gas
    Independent price assessments and market coverage by region

    • Continental Gas Snapshot
    • European Gas Hub Report
    • Gas In Focus
    • European Spot Gas Markets
    • Industrial and Commercial Energy Snapshot

Price history

  • More information about the historical price data we publish on Gas
    Track historical price data

    • Gas Europe price history

Related products

  • You might also be interested in the information we publish on these related products
    • China LPG & Gas Daily
    • China LPG Market Weekly

News & analysis

  • News & market analysis specifically relating to Gas
    Breaking news of latest developments affecting the markets.Insight and analysis of factors driving prices.
Find out more about our services

Methodology

Continental Gas Snapshot Methodology
ICIS Heren publishes Continental Gas Snapshots (CGS) on every working day of the year in Britain.

Read more…

European Gas Hub Report Methodology
ICIS publishes market data based on information continually gathered from market participants about: spot transactions; spot bid and offer levels; contract price negotiations; prices of related commodities; and relevant freight costs.

Read more…

European Gas Market Methodology
ICIS assesses long-term sales contract prices at border points across Europe as follows

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European Spot Gas Market Methodology
ICIS publishes European Spot Gas Markets (ESGM) on every working day of the year in Britain

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Industrial & Commercial Energy Snapshot (gas)
ICIS publishes the Industrial and Commercial Energy Snapshot (ICES) on every working day of the year in Britain. ICES provides a concise, one page snapshot of the key power and gas prices in Britain

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China Gas Markets Methodology
China Gas Markets covers the domestic Chinese natural gas and LNG markets.
Read more

About Gas

Natural gas is commonly produced alongside oil or other hydrocarbons and can also be found deep underground within rock formations. An increasing amount of gas production stems from non-conventional sources, such as from coal-bed seams or from within shale formations. Natural gas is predominantly formed of methane.

Uses include acting as a raw material for power generation, a source of heating and a chemical feedstock for organic chemicals or plastics.

Natural gas is predominantly odourless but varying odorant may be added depending on the specific country to alert users of a leak. Gas normally dissipates in the event of a leak but can cause an explosion as it becomes flammable when mixed with air.

Natural gas is transported by pipelines which can run along the seabed or underground, potentially transporting the energy source thousands of miles. The fuel moves at a speed of around 25km/hour through the pipe.

It is typically stored in depleted gas reservoirs or salt caverns. A certain volume of gas is kept within pipeline networks in order to maintain pressure. This is called linepack.

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News

Subsidies may threaten 16GW coal phase out in Ukraine
Thu, 25 Feb 2021 13:47

LONDON (ICIS)--Plans in Ukraine to phase out almost 16GW of coal-fired capacity over the coming decade may be threatened by the current subsidy regime according to Oleh Savytskyi, board member of...

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Carbon dynamics at forefront of European coal-to-gas switching
Wed, 24 Feb 2021 14:13

LONDON (ICIS)--The pace of coal-to-gas switching across Europe surged in 2020 with help from bullish EUA prices but it is uncertain whether the trend will continue in 2021 amid a mixed outlook for...

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Nuclear power could support UK’s hydrogen ambitions
Fri, 19 Feb 2021 16:27

• Nuclear power could generate 33% of UK hydrogen by 2050 • Renewable capacity could push nuclear out of the mix • Potential 1GW nuclear hydrogen project LONDON (ICIS)--Nuclear capacity in...

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ACER, CEER start work on hydrogen network regulation
Tue, 16 Feb 2021 17:28

LONDON (ICIS)--Two European regulatory bodies have now released two whitepapers dedicated towards creating hydrogen network regulation. The absence of any regulatory oversight has been one of the...

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