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Free AccessEU Gas Demand 19.8% Below Average in Feb: Bruegel Data
Gas demand in the EU and UK fell from 475TWh and 14.1% below the 2019 -2021 average in January to 359TWh and 19.8% below the average in Feb according to Bruegel. The monthly demand compares to 394.3TWh in Feb 2023 and 421.6TWh in Feb 2022.
- The European Union target to reduce gas demand by 15% compared to the previous five-year is currently in place until March 2025.
- The EU has set a (REPowerEU) plan of reducing greenhouse gas emissions by 55% in 2030 compared to levels in 1990 with a path to reduce gas demand to 1,615TWh by 2030. So far, the EU is on track for meeting the ambitious REPowerEU targets.
Source: Bruegel
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.