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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.
NATURAL GAS
European gas demand in 2023 fell to the lowest levels since 1995 with a decline by over 100bcm in 2022 and 2023 according to IEA analyst Greg Molnar.
- European gas consumption fell by 7% (or 35 bcm) in 2023 following a 13% (or 70 bcm) drop in 2022 with a necessary demand adjustment to balance both the European and global gas markets.
- All sectors contributed to the declines but the reduction 2023 was largely driven by the power sector, amid a lower call on gas-fired power plants due to expanding renewables and improving nuclear availability.
- Mild winter weather and gas-saving efforts continued to weigh on gas use in the residential and commercial sectors.
- industry saw a gradual recovery in H2 2023 boosted by lower prices including in the more gas-intensive industrial sectors after showing the steepest decline in 2022.
Source: IEA
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.
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