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EU November Gas Demand Stood Well Below Average: BNEF

NATURAL GAS

European natural gas demand stood 350mcm/d below the 2016-2020 average in the first three weeks of November according to BNEF.

  • The drop in demand has largely been supported by a mild start to the winter.
  • Above-average temperatures, high wind output, and a rebound in hydropower output and French nuclear output limited gas output for power generation.

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