Europe’s Natural Gas Demand Drops While Inventories Rise

Barchart · 10/17 09:10
Natural gas demand in the EU and the UK fell by 0.7 bcm in August from July while inventories increased by 8.7 bcm, the Joint Organizations Data Initiative (JODI) said in its monthly oil and gas review on Thursday. Global natural gas demand also fell lightly, by 0.15 bcm month-on-month in August, according to the latest data in JODI, which compiles self-reported figures from individual countries. On a yearly basis, global natural gas demand rose by 2.3 bcm compared to August 2023, and gas production also increased globally, by 1.4 bcm in August…