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European Space Heating Demand Estimate Soars

ELECTRICITY

Estimated European space heating demand jumped to above 1bcm/d amidst the regions first winter cold spell according to the IEA, up 40% in the last two weeks.

  • Total EU+UK gas demand is still trending below last year's levels, down by 5% in the first 12 days of December.
  • The reduction is mainly due to lower gas use in industry and demand saving measures in buildings.

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