Quarterly reportOn European gas marketsWith focus on price developments in 2022Market Observatory for Energy DG EnergyVolume 15(issue 4, covering fourth quarter of 2022) Energy 1 DISCLAIMER: This report prepared by the Market Observatory for Energy of the European Commission aims at enhancing public access to information about prices of gas in the Members States of the European Union. Our goal is to keep this information timely and accurate. If errors are brought to our attention, we will try to correct them. However, the Commission accepts no responsibility or liability whatsoever with regard to the information contained in this publication. Copyright notice: Reproduction is authorised provided the source is acknowledged. © European Commission, 2023 Directorate-General for Energy, Unit A.4, Chief Economist - Market Observatory for Energy, 2023 Commission européenne, B-1049 Bruxelles / Europese Commissie, B-1049 Brussel – Belgium E-mail: ENER-MARKET-OBSERVATORY-QUARTERLY-REPORTS@ec.europa.eu 2 CONTENT CONTENT ............................................................................................................................................................................................. 2 HIGHLIGHTS OF THE REPORT .................................................................................................................................................... 3 1. Gas market fundamentals .................................................................................................................................................... 4 1.1 Consumption .......................................................................................................................... 4 1.2 Production ............................................................................................................
