Industrial energy costs weigh on Europe’s chemical sector

European TTF natural gas prices compared with US Henry Hub prices from 2020 to 2026

Industrial energy costs continue to constrain Europe’s chemical sector, with European gas prices averaging 3.6 times US levels in January–July 2026. Despite modest quarterly improvements, EU chemical output fell 1.6% in the first half of the year, while capacity utilisation remained below historical norms. The report examines energy competitiveness, production, trade and business conditions across a major gas-consuming industry. Why […]

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