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EU & UK Gas Demand 21% Below Average in Sept: ICIS
EU and UK gas demand in September was the lowest in records from 2016-2023 and 21% below the 2017-2021 average due to mild weather across the continent according to ICIS.
- German residential and commercial gas demand was a record 40% below the 2017-2021 average but Industrial gas demand in Germany showed signs of recovery with a 4% increase month on month.
- Dutch gas demand reductions increased from 14% in August to 21% in September although gas-fired power demand was 7% above than the 2017-2021 average, and an increase of 63% on the year.
Source: ICIS
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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.