global-hydrogen-hub global-hydrogen-hub global-hydrogen-hub
European Gas Hub Logo
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
European-Gas-Hub-Logo
No Result
View All Result
Home Gas Prices

European gas demand soars with slow wind speeds the main driver

Editor by Editor
5 months ago
Reading Time: 2 mins read
European-gas-demand
Share on FacebookShare on TwitterShare on Linkedin

European gas demand soared by 10% yoy through Nov-Feb, with the strongest driver being slow wind speeds and lower hydro availability, leading to a surge in gas-fired power generation.

RELATED POSTS

global-LNG-supply-growth

Global LNG supply growth is set to accelerate in 2026

2 weeks ago
TTF-JKM-correlation

TTF-JKM correlation hit record levels in the first half of 2025

3 weeks ago
gas-storage

Low gas storage levels in Rehden a cause for concern

3 weeks ago

European gas demand grew by just around 22 bcm yoy since the start of November, leading to a rapid depletion of EU storage sites and tightening up market fundamentals.

Colder temperatures supported higher space heating demand, up by 5% yoy, but the single most important driver was the power sector, where gas burn soared by almost 30% compared to the same period of last year.

And slower wind speeds were a key factor here. Wind power output plummeted by more than 16% yoy, with flexible gas-fired power plants providing back-up and ensuring electricity supply security.

Lower wind power generation alone accounted for almost one-third of incremental gas demand since the start of November.

In addition, lower hydro availability drove-up gas-based generation in the Southern European markets, with both Spain and Türkiye recording a drop of 30% yoy, while Italy’s hydro down by more than 40%.

Altogether, weather-related factors accounted for more than 80% of Europe’s gas demand recovery through Nov-Feb.  And most importantly it was not the cold weather, but rather the weather-dependent renewables (wind and hydro) which were driving this strong increase in gas demand.

And this highlights the growing role of natural gas as a key back-up fuel to the European electricity system.

And once again, it begs for the question on how best to ensure that these flexibility services are remunerated and adequate investments into gas supply flexibility are ensured.

The 2024/25 windless winter is a clear reminder that temperature variations are not necessarily the most important demand driver for gas, with variable renewables now a key driver of gas demand volatility patterns…

What is your view? What does it mean for gas markets? How should variable renewables be incorporated in winter preparedness plans? And how do variable renewables influence gas prices?

Source: Greg MOLNAR


RELATED POSTS

global-LNG-supply-growth

Global LNG supply growth is set to accelerate in 2026

2 weeks ago
TTF-JKM-correlation

TTF-JKM correlation hit record levels in the first half of 2025

3 weeks ago
gas-storage

Low gas storage levels in Rehden a cause for concern

3 weeks ago
Tags: European gas demandgas demand volatilitygas fired generationGreg MolnarWind fired power
Editor

Editor

Related Posts

global-LNG-supply-growth
LNG

Global LNG supply growth is set to accelerate in 2026

2 weeks ago
TTF-JKM-correlation
Supply and Demand

TTF-JKM correlation hit record levels in the first half of 2025

3 weeks ago
gas-storage
Gas Prices

Low gas storage levels in Rehden a cause for concern

3 weeks ago
European-LNG-imports
Gas Prices

European LNG imports surge by a staggering 40%

3 weeks ago
natural-gas-prices
Gas Prices

Middle East crisis demonstrates TTF gas price vulnerability

4 weeks ago
Strait-Hormuz
Gas Prices

Europe’s exposure to Strait of Hormuz is limited

1 month ago
No Result
View All Result

Trending Posts

natural-gas-prices

Middle East crisis demonstrates TTF gas price vulnerability

4 weeks ago
global-LNG-supply-growth

Global LNG supply growth is set to accelerate in 2026

2 weeks ago
Change-in-LNG-sendout

European gas storage levels remain on track to reach 80-85% capacity

4 days ago
Load More

Recent Post

Change-in-LNG-sendout

European gas storage levels remain on track to reach 80-85% capacity

4 days ago
global-LNG-supply-growth

Global LNG supply growth is set to accelerate in 2026

2 weeks ago
TTF-JKM-correlation

TTF-JKM correlation hit record levels in the first half of 2025

3 weeks ago
Load More
Logo

European Gas Hub is an online platform for sharing analysis and information about European natural gas markets more info

Categories

  • European Gas Prices
  • Energy Policy
  • European Gas Infastructure
  • European Gas Storage
  • Coal Market
  • Supply & Demand
  • Gas Supply & Demand
  • LNG
  • European Power Generation
  • Other

Recent Posts

European gas storage levels remain on track to reach 80-85% capacity

Global LNG supply growth is set to accelerate in 2026

TTF-JKM correlation hit record levels in the first half of 2025

Energise your Tuesday!

Sign up to receive our weekly newsletter with new European gas market reports, presentations & analysis. Every Tuesday.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 EuropeanGasHub | All Rights Reserved

No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 EuropeanGasHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.