EU natural gas demand in November was 24% below the five-year average, early @ICISOfficial data shows. A month before, in October, consumption was also 24% below the average. 1/5 #natgas#TTF#ONGT
Demand cuts of a similar order of magnitude were achieved by the EU’s two largest gas-consuming member states.
German demand in November was 23% below average, whereas in October savings were 26%. 2/5
Italian gas demand was 21% lower than the five-year average in November, having been 23% a month earlier.
In non-EU Great Britain, gas demand was 19% below its five-year average in November, having been 24% a month earlier. 3/5
Other major EU gas markets:
In France gas consumption was down 25% relative to the average in both November and October.
Dutch gas demand in November was 34% below average, having been 31% lower than the five-year trend in October. 4/5
Spanish demand for gas was 22% below average last month, having been just 6% lower than average in October.
The demand data has not been adjusted for temperature. 5/5
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