Europe’s natural gas demand continues to be weak after last year’s energy crisis and most of the demand destruction will likely be permanent, according to France’s utility giant Engie. European gas demand has slumped since the end of 2021 due to skyrocketing prices, the Russian invasion of Ukraine, and the cut-off of a large part of Russia’s pipeline gas supply to Europe.
Governments have called for energy savings and industries have been using lower gas volumes due to the high prices and weakening activity. “Depending…French Utility Giant: European Natural Gas Demand Is Unlikely To Recover
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