Free Trial

EU Gas Savings 13% in February


Early ICIS data shows EU natural gas demand savings in February were 13% compared to 2017-2021-year average – temperature adjustments aside. A month before, in January, consumption was 24% below the average.

  • The EU is on track to achieving the European Commission’s ambition to save 15% of gas demand from 1 August 2022 to 31 March 2023, relative to 2017-2021 average.
  • The downward trend in gas prices could begin to support minor industrial and power sector gas growth going forward. The latter supported by potential coal-to-gas switching, as gas-fired power plants are likely to slowly become more profitable again.

To read the full story



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.