Free Trial

Fitch Ratings: EU Gas Balanced in 2023 on LNG & Demand Destruction


The EU has a credible strategy to mitigate a cut-off of Russian gas in 2023, contingent on swift adjustments to the supply and demand balance according to Fitch Ratings.

  • They indicate a balanced EU gas market, assuming 20% of Russian pipeline capacity from August 2022 and zero from 2023. They see record-high LNG imports and an assumption of a 15% fall in demand in 2023 compared to 2021.
  • They expected LNG imports to rise to about 120 bcm in 2022 and to 155bcm in 2023.
  • The projections show a high level of uncertainty depending on the evolution of the war in Ukraine, timely delivery of LNG and overcoming EU infrastructure bottlenecks.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.