Free Trial
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
The EU's gas demand dropped by a record 45 bcm through the 2022/23 heating season, amidst milder weather, energy savings, stronger renewables and lower gas use in industry according to the IEA.
- Distribution network related demand, most of which is concentrated in the residential and commercial sectors, dropped by 17% (close to 20 bcm).
- The milder weather conditions accounted for around 40-45% of the demand drop, with the rest driven by other factors, such as energy efficiency improvements, fuel switching in rural areas, behavioural changes and rising affordability issues for the most vulnerable households.
- Gas-to-power demand dropped by 15% (or 10 bcm) amidst lower electricity consumption (down by an estimated 5%) and stronger renewables output.
- Industrial gas demand continued to be down by an estimated 20%, with most of the decline concentrated in Q4 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok