# Natural gas markets expected to remain tight into 2023 as Russia further reduces supplies to Europe - IEA

> The IEA's quarterly Gas Market Report says Russia has largely cut gas supplies to Europe in retaliation for sanctions, pushing international prices to record highs. The agency expects market tightness to persist into 2023 as global LNG competition intensifies, while global gas consumption falls 0.8% in 2022.

- Date: 2022-10-03 · published 2022-10-03T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/39300-natural-gas-markets-expected-to-remain-tight-into-2023-as-russia-further
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Tight gas supply raises energy and nitrogen fertilizer production costs, which feeds through to urea and feed-grain costs for buyers. The outlook depends heavily on Russia's future actions.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-07-07 | [Global demand for natural gas expected to contract this year as tighter supply pushes up prices - IEA](https://feedsoft.ai/events/18538-global-demand-for-natural-gas-expected-to-contract-this-year-as-tighter-supply.md) | -12.4% | -14.4% |
| NATGAS | 2024-12-30 | [Global Natural Gas Prices Mixed as Market Tracks Tightening Supplies — LNG Recap](https://feedsoft.ai/events/27150-global-natural-gas-prices-mixed-as-market-tracks-tightening-supplies-lng-recap.md) | +20.6% | +7.4% |
| NATGAS | 2021-06-30 | [FEATURE: All eyes on Europe's tight gas market going into Q3 \| S&P Global](https://feedsoft.ai/events/46766-feature-all-eyes-on-europe-s-tight-gas-market-going-into-q3-s-and-p-global.md) | -1.7% | +10.4% |
| NATGAS | 2026-07-29 | [Natural gas: Europe faces tighter winter balance – ING — Octa](https://feedsoft.ai/events/18541-natural-gas-europe-faces-tighter-winter-balance-ing-octa.md) | +2.1% | +3.0% |
| NATGAS | 2024-08-29 | [Higher Natural Gas Prices Seen This Winter in Europe as Geopolitical Complications Mount](https://feedsoft.ai/events/28999-higher-natural-gas-prices-seen-this-winter-in-europe-as-geopolitical.md) | +11.7% | +36.8% |

## Sources

- iea.org: https://www.iea.org/news/natural-gas-markets-expected-to-remain-tight-into-2023-as-russia-further-reduces-supplies-to-europe

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.