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Infographic: European gas, power on emergency footing going into Q3 2022

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Infographic: European gas, power on emergency footing going into Q3 2022

  • Author
  • Andreas Franke
  • Commodity
  • Energy Coal Electric Power LNG Natural Gas
  • Topic
  • Energy Transition Europe Energy Price Crisis LNG Commoditization Infographics War in Ukraine

Europe's gas market enters Q3 2022 on the edge of a precipice, with curtailed Russian supplies prompting emergency plans, a first step towards rationing. In the power sector, efforts to reduce gas-for-power demand have been compromised by record-low nuclear availability and sub-par hydro resource. As a result, gas and power prices across Europe are more than four times higher year on year, while EUA carbon prices have climbed 47% over the same period.

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Related story: Europe on the brink going into Q3 as Russian gas cuts bite, prices surge

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European gas, power on emergency footing going into Q3 2022