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Germany Gas Consumption Exceeds Reduction Targets

NATURAL GAS

Germany missed its gas consumption reduction targets of 20% during calendar week 47 and 48 because of higher industrial consumption and colder weather but gas and power supply remains stable, according to energy regulator Bnetza.

  • Germany’s gas demand during last week was 13% below the four-year average. Demand was up by 14% week on week, amid temperatures below the seasonal norm.
  • Temperature adjusted demand during week 47 and 48 was 16.5% below the four-year average, missing the 20% reduction target. Temperatures are estimated to be 2.4°C below seasonal norms this week.
  • German industrial gas consumption last week rose to the highest level since end Feb/early March.
  • Gas is mainly being taken out of storage and levels are at 95.53% as of 9 Dec.
Energy BulletsCommodities
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