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EU Gas Demand ~11% Down vs. 5-Year Average

NATURAL GAS

European natural gas daily demand currently ~11% lower than 5yr-ave. Europe is saving ~80mcm/d - but an 80mcm/d saving on average peak winter is only equivalent to 4% of daily demand.

  • To have a 15% cut in average peak winter daily demand we need to save ~300mcm/d. – Source: ICIS

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