2023-08-17 17:14:08
par Olivier Daelen
posted on Thursday August 17th, 2023 at 7:14 PM •
5 min read
While prices are far from their peak of last year, gas consumption was rather weak in Europe during the first half of the year. According to the Gas Exporting Countries Forum (GECF), this trend will continue in the coming months.
Why is this important?
The war in Ukraine seems to have brought regarding the advent of a new paradigm in Europe: reduced gas consumption. The prices played a big part in this, the regulations too. Europeans have indeed been summoned to reduce their consumption in order to avoid a lack of supply.
In news : the monthly report of the FGEF.
On Wednesday, the Gas Exporting Countries Forum published its monthly report on the gas market. It confirms what other organizations have already observed: gas consumption continues to fall in the European Union. And he makes a prediction: it will continue for the rest of the year.
THE details : what is the magnitude of the reduction?
According to the FPEG, during the first half of 2023, gas consumption
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