Skip to content

Europe’s Industry Cuts Gas Use by the Most Since the Early Pandemic Days

  • Pullback most acute in U.K., with demand down 54% last quarter
  • Some large energy users have shut factories or curbed output

Natural gas demand among European industries has dropped by the most since the early days of the pandemic, with soaring prices prompting widespread output cuts and factory shutdowns.

Fourth-quarter industrial gas use in northern Europe fell by almost 5% from a year earlier, the biggest decline since the second quarter of 2020, according to Engie EnergyScan. Pressure on U.K. firms got so bad that demand there sank 54%, and a recent new wave of shutdowns suggests the trend will continue.