Fluctuating Demand and Prices: Natural Gas in Europe
TL;DR Summary
Europe's natural gas demand fell by 9.7% in May compared to the same period last year, despite the lowest natural gas prices in two years. The drop in demand is due to industries and economies in Europe slowing, with Germany, Europe's biggest economy, entering a recession. Weak growth or deepening recessions could mean that industries may not pick up natural gas use.
- European Natural Gas Demand Drops As Top Economies Slow OilPrice.com
- Europe Gas Prices Surge 22% as Hot Weather Lifts Demand Bloomberg
- Fuel-switching in Europe continues as natural gas prices step down S&P Global
- Opinion: Europe's gas prices stabilise as storage additions slow ETEnergyWorld
- Europe's gas prices stabilise as storage additions slow: Kemp ZAWYA
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