EU Industry Starts to Cut Gas Demand Amid Soaring Prices
- Average consumption is 12% below pre-corona levels in October
- Germany, the Netherlands and the U.K. have suffered the most
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Europe’s industrial sector has started to cut demand for natural gas, as record prices have made the fuel prohibitive for many consumers.
Average consumption to-date in October is 12% lower than its pre-pandemic level, according to data compiled by Paris-based consultancy Engie EnergyScan. Gas consumption had already started to fall in September, down 5% from the 2019 level.