European gas demand jumps to record highs

Behind the sharp rise in European gas prices over the past few weeks, gas demand jumped to record highs in Apr-21.

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Unseasonably cold temperatures were the main driver, but industrial demand was back to its Apr-19 level as well.

In the meantime, Asian LNG imports jumped by 11% yoy in Apr-21, mainly driven by a strong increase in China LNG imports (+21% yoy)

Source: Engie EnergyScan

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