European gas markets: what happens in Winter 2023/24?

Europe’s ability to cope with Winter 2023/24 will depend on two key factors: 1) LNG) supply, and 2) the nature of demand reductions. Plans for rapid deployment of regasification units will alleviate concerns over LNG import infrastructure capacity. However, the EU will continue to compete internationally for LNG cargoes, and will remain vulnerable to global dynamics.