Key developments in European gas wholesale markets
July 29, 2025
Between August 2022 and December 2023, EU Member States reduced overall gas consumption by 18% (ca. 101 bcm). The residential and industrial sectors contributed respectively 43% and 47% to overall demand reductions while the power sector contributed 10%. According to the data supplied by the Joint Research Centre, the winter season of 2022/23 experienced a 7% reduction in heating-degree days […]
