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EU+GB Gas Demand to Climb 8% YoY in 2024

NATURAL GAS

European natural gas demand, including the UK, is forecast to rise by 8% year on year in 2024 according to ICIS.

  • Gas consumption is still forecast to remain 12% below the 2017-2021 average.
  • LNG imports this year are expected to rise 15% above 2023 levels and double from the 2017-2021 average.
  • European gas inventories are set to reach 64% by 1 April and will likely hit the bloc’s 90% target ahead of the 2024/25 winter season.

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