Europe’s gas consumption is expected to grow strongly over the winter, supported by cold snaps at the start of the season.
Much of Europe saw below-average temperatures in October and November, boosting heating-related demand and the region’s overall gas consumption. The combined gas consumption of Europe’s six largest markets is expected to rise by 6% year on year during the winter (Q4-Q1). The latest forecasts suggest the peak winter period could bring largely average temperatures to the major gas markets. Last winter was mild, meaning even broadly average temperatures for the rest of this year’s winter could cause a year-on-year increase in heating-related gas use.
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up