Chemical giant BASF said that if gas prices remain high, gas consumption at European plants may drop further this winter. BASF Global Purchasing President Matthias Donne said during the Bloomberg New Energy Finance Summit in London: “The industry will have to respond,” and companies will have a variety of options to curb demand in the next few months. He said prices may fall slightly due to weather factors, but additional supply risks may push it to the three-digit range.

Chemical giant BASF said that if gas prices remain high, gas consumption at European plants may drop further this winter. BASF Global Purchasing President Matthias Donne said during the Bloomberg New Energy Finance Summit in London: “The industry will have to respond,” and companies will have a variety of options to curb demand in the next few months. He said prices may fall slightly due to weather factors, but additional supply risks may push it to the three-digit range.