Europe's Industrial Gas Use Expected to Decline Amid Tighter Market and High Prices

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 23 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 68%

Energy 뉴스

EU Industry,Gas Consumption,Energy Prices

Despite a slight increase in industrial natural gas consumption this year, analysts and industry officials predict that Europe’s heavy industry will likely return to reducing gas use next year due to a tighter market and elevated prices. The report highlights the ongoing struggles faced by European companies due to high energy costs and weak economic conditions.

Despite a slight uptick in industrial consumption of natural gas this year, Europe’s heavy industry is likely to return to curtailing gas use next year amid a tighter gas market and higher prices, analysts and industry officials have told Bloomberg. Since the 2022 energy crisis, European industry has been squeezed amid sky-high energy costs and weak industrial demand in weakening economies.

Europe’s industrial gas demand is recovering as prices normalized and is also contributing to demand growth, even though it remains well below its pre-crisis levels, the IEA said in its annual Global Gas Security Review. However, after this year’s uptick in European industrial gas demand, consumption is set to fall in the coming years, as companies will continue to struggle with higher energy costs compared to other regions, and weaker economies.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 34. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Mario Draghi calls for €800bn EU investment boostFormer Italian premier demands ‘new industrial strategy’ to stop Europe falling behind US and China
출처: FT - 🏆 113. / 51 더 많은 것을 읽으십시오 »