European gas faces more winter price weakness
The impact of further pandemic lockdowns is compounding an already bearish outlook
The benchmark Dutch TTF price recovered strongly in the third quarter of 2020 and has largely held onto those gains for now. But analysts warn that Europe could still see another winter of low gas prices, particularly given the risk posed by further lockdowns to tackle new waves of Covid-19 infections ahead of any widespread rollout of vaccination programmes. Gas demand in Europe recovered in June and through the third quarter, after falling by over 11pc—or 10bn m³—between early March and end of May, mainly due to drops in industrial and power generation requirements, Gergely Molnar, a gas analyst at the IEA, told Petroleum Economist’s LNG-to-Power Emea forum in early November. Industrial ga
Also in this section
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
