Europe & Russia: Consumption
A cold snap across Europe is boosting heating-related gas demand and supporting overall consumption in key markets.
Temperatures dropped across much of northwest Europe during early November as a cold snap hit the region, supporting a boost in heating-related gas demand. Daily demand from commercial and residential users in the UK shot up by as much as 31% year on year during the first week in November as temperatures fell. The decline was in marked contrast to the relatively mild weather that dominated September and parts of October, and which led to a year-on-year decline in demand from the residential and commercial sectors. The UK’s overall consumption fell by 5% in September.