MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Policies Should Reduce EU Gas Demand By 60bcm In The Next 12 Months

NATURAL GAS

The EU’s policies to reduce the consumption of natural gas could lead to a decline in gas demand of 60bcm in the coming 12 months, Energy Commissioner Kadri Simson told FT.

  • That would exceed the combined volume of gas and LNG that the EU expects to import from Russia this year, she said.
  • The EU’s gas demand declined by 18% between August 2022 and March 2023 compared with the average in recent years.
  • In March, the bloc extended its voluntary gas demand reduction targets of 15% until March 2023.
  • Several analysts said that some of Europe’s gas demand destruction could be permanent due to the switch to alternative fuels or the aim to electrify processes. Industrial firms could also look to move production elsewhere. Analyst views range between 5-25% of EU gas demand that will not recover at some point.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.