(10 November 2021) A mismatch between natural gas demand and supply in Europe has pushed natural gas spot prices to record highs. In this dashboard we put together data on four key short-term indicators that will shape natural gas prices in Europe this winter: air temperature; wind speed in the North Sea; volume of natural gas in storage; and industrial production.

  • Air temperature determines how much energy is needed to heat/cool down homes and buildings in winter/summer.
  • Wind speed in the North Sea determines the amount of electricity generated by wind turbines.
  • Volume of natural gas in storage shows current availability of natural gas in inventories.
  • Industrial production indicates changes in demand for energy in the real sector.

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