While prices are far from last year’s peak, so has gas consumption in Europe in the first half of the year very low. According to the Gas Exporting Countries Forum (GECF), this trend will continue in the coming months.
Why is this important?The war in Ukraine is the origin of a new paradigm in Europe: low gas consumption. Prices played a major role in this, as did the regulations. After all, Europeans were called upon to reduce their consumption in order to avoid supply shortages.
in the news. Gas Exporting Countries Forum published this week Its monthly report on the gas market.
- It confirms what other organizations have already noted: EU gas consumption continues to fall.
- The Forum expects this trend to continue for the rest of the year.
the details. How big is the drop?
Three reasons for low gas consumption
- According to GECF, gas consumption in the first half of 2023 increased by 10.6% (21 billion cubic meters).
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