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German Gas Demand Falls On Milder Weather, Holidays


German gas consumption declined by 21.1% week on week in the last week of December because of milder weather and holidays, according to German energy regulator Bnetza.

  • Gas consumption during calendar week 52 – 25 Dec-1 Jan – stood 30% below the four-year average.
  • Temperature adjusted demand during calendar weeks 51 and 5 was 21.2% below the four-year average, exceeding the country’s gas consumption reduction targets.
  • Temperatures well above the seasonal norm and the holiday period have weighed on gas consumption for households and industry.
  • The country’s security of gas supply has improved compared with the beginning of winter and a gas shortage is becoming increasingly unlikely for this winter period, Bnetza said.
  • German gas storage levels were at 90.72% of capacity as of 3 Jan, the highest level since 13 Dec, Agsi data show.
  • TTF FEB 23 up 4.5% at 67.93€/MWh

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