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Europe Winter Gas Demand Set to Rise - Bloomberg

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Europe Winter Gas Demand Set to Rise - Bloomberg

Europe Gas Traders See Signs Demand Set to Rise

- Some industrial consumers signal potential increase in gas use
- Weather, as well as demand in Asia, could be another factor

Europe’s natural gas traders are starting to see early signs that demand may pick up this winter, adding to risks in a market that’s been laser-focused on supply shocks.

Consumption increased by 1% in October, marking the first year-on-year advance since Russia’s invasion of Ukraine caused a record surge in energy prices and forced companies and households to curb demand, said Gergely Molnar, an analyst at the International Energy Agency.

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Europe Gas Traders See Signs Demand Set to Rise

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