Free Trial
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.
NATURAL GAS
EU gas demand fell by 55 bcm in 2022, its steepest drop on record according to the IEA.
- The IEA’s first estimates show that milder weather accounted for about one-third of the demand decline seen in 2022. Most of that concentrated in Q4, when a particularly mild October and November effectively delayed the European heating season by a month.
- Demand destruction in industry, especially in the most gas-intensive industries, accounted for just over 20% of the demand drop.
- Fuel-switching to more polluting fuels (primarily fuel oil and coal) accounted for at least 25% of the demand reduction.
- Altogether, structural demand reduction accounted to an estimated 20% in 2022 -the other 80% is lucky weather.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok