Gas Demand Declines As Prices Soar, Utility Giant Engie Says ...Middle East

Gas demand from all customers of French utility giant Engie has dropped in recent weeks amid surging natural gas prices in Europe as Russia slashed deliveries, the French company said on Friday. "Gas demand has declined among our customers, whether its households, small businesses or large manufacturers," Engie's chief executive Catherine MacGregor said on an earnings call today, as carried by Bloomberg. The drop in demand is part due to gas and energy conservation, utilities and industries switching to other fuels, and the "price signal," MacGregor…

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