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Cold Snap Tests European Gas Resolve

NATURAL GAS

EU and GB natural gas demand destruction in the seven days to 6-December was 10% below the 5-year average according to preliminary ICIS data.

  • November demand destruction was 22%. October was 24%. September was 12%.
  • Early December marks the first cold snap that Europe has faced this winter which is set to test Europe’s resolve to keep gas demand low in a bid to keep gas inventories buoyant.

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