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German Gas Demand Rose 35% WoW Amid Colder Weather

NATURAL GAS

German gas consumption saw a weekly increase of 34.9% in calendar week three, while demand in past two weeks remained 19.5% below the four-year average, still missing the country’s reduction target, as colder temperatures spurred heating demand, Bnetza data show.

  • German gas consumption during calendar week three rose 34.9% week on week but remained 9.4% below the 2018-2021 average.
  • Temperature-adjusted demand during calendar weeks two and three was 19.5%% lower than the four-year average, missing the country’s gas reduction target of 20%.
  • German gas reserves stood at 83.75% of capacity on 24 Jan, down from 89.32% a week earlier.

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