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Spanish Gas Demand Slips 4% Q1 y/y


Spanish gas demand fell 4% in Q1 2024 vs a year prior as usage for electricity production dropped, supported by a warm winter, which offset higher industrial demand according to Engas.

  • Spanish gas demand has contracted for two years as the renewables mix increases.
  • Q1 gas usage for electricity production was 24% lower y/y.
  • Household gas consumption dropped over 10% y/y because of a warmer winter.
  • Industrial demand meanwhile rose 8.4%.

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