Europe’s Sputtering Engine Signals Inflection Point for Gas Demand
Largest consumers of the fuel still appear reluctant to run at full steam after the record surge in prices.
An employee assembles an electric-vehicle battery at a subsidiary of Mercedes-Benz AG in Kamenz, Germany.
Photographer: Krisztian Bocsi/BloombergWelcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, Energy Reporter Priscila Azevedo Rocha assesses whether European industrial demand for natural gas can rebound to prewar levels. To get this newsletter sent straight to your inbox, you can sign up here.
Whether it’s chemicals or steelmakers, demand for natural gas from Europe’s power-hungry industrial heartland was slammed hard by the energy crisis that unfolded after Russia’s invasion of Ukraine.