Gas Demand Recovery in Europe Gathers Pace as Prices Plunge
- Netherlands, Spain, France show gains in gas use in refining
- Other sectors will take longer to recover: Energy Aspects
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European companies are using more natural gas as prices drop to levels seen before the Ukraine war, putting a potential strain on preparations for another winter with limited Russian supplies.
The green shoots are mainly evident in the refining industry, which can switch more easily between raw materials ranging from natural gas to fuel oil. Earlier this month, Dutch data showed the country’s petroleum sector had the biggest weekly gain in gas use this year, while French and Spanish gas network figures indicated refiners’ demand advanced in February from a year earlier.