European Natural Gas Demand Drops As Top Economies Slow ...Middle East

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European Natural Gas Demand Drops As Top Economies Slow
source : OILPRICE ( Middle East ) () 51
Despite the lowest natural gas prices in two years, Europe’s natural gas demand continues to be weak and fell in May from a year earlier as industries are slowing and major economies enter a recession. Natural gas demand in the biggest European economies – Germany, the UK, France, Italy, Spain, and the Netherlands – dropped by 9.7% last month compared to May 2022, per data from S&P Global Commodity Insights quoted by Bloomberg. This time last year, Europe’s gas demand was depressed by soaring natural gas and spot LNG…

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