Europe & Russia Consumption

Heating requirements have driven up European gas demand, but consumption is set to weaken in Q2.

Gas demand in Europe shot up in late February and much of March, when the region was hit by a severe cold snap that drove up heating-related consumption and total gas use. Demand in Italy shot up by 22% on an annual basis during the first half of March as snow and plummeting temperatures hit much of the region. Temperatures in some of the region’s largest markets were more than...