European gas decline mainly due to reduced gas-fired power demand

European-Gas-Demand-Fundamentals

European gas demand was down by almost 10 per cent year-on-year in the first ten months of 2023. Demand remains well below pre-crisis levels, raising questions as to whether some demand losses may be permanent. However, a closer analysis highlights remarkable differences between the beginning and the end of the year. Over half of the demand reduction occurred in Q1 as the […]

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