Forecasts for power sector gas demand have been adjusted higher for the rest of 2022
Power demand threat to Europe’s winter gas security
Greater-than-expected requirements to burn the fuel to keep the lights on could harm supply conservation efforts
European political and corporate leaders’ main ambition may simply be to get through this winter with enough gas to heat homes and having not crippled the continent’s energy-intensive industries through supply curtailments. But another basic need, avoiding blackouts, could throw a spanner in the works. Owing to ongoing concerns over a corrosion issue at several French nuclear power plants and persistent rumours that Norway may introduce curbs on its power exports to the UK and continental Europe due to depleted reservoirs, consultancy Energy Aspects has been adjusting higher its power sector gas demand forecasts for the remainder of this year and going into the peak Q1 demand period. Moreove
Also in this section
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
6 August 2025
Diesel market disruptions have propelled crude prices above $100/bl twice in this century, and now oil teeters on the brink of another crude quality crisis
5 August 2025
After failed attempts to find a buyer for its stake in Russia’s largest oil producer, BP may be able to avoid the harsh treatment meted out to ExxonMobil and Shell when they exited—and could even restart operations if geopolitical conditions improve
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award, but this is no easy task
