Gas Prices Stabilize as Europe Enters Warmer Months with Solid Gas Storage Levels and Declining Demand
• European gas prices back at normal levels, gas storage 59% full • EU & UK gas demand forecast to decline 3.7% year-on-year in Q2 2024 • Electricity demand across 10 core markets to rise 1.7% in Q2 • Solar output to exceed gas-fired power generation for first time in Q2 • Carbon prices expected to stabilize above €60/mtCO2e after recent drop