Some of the lost European demand for natural gas due to the energy crisis and record-high prices could never return, Vitol Group’s chief executive Russel Hardy said at the Energy Intelligence Forum in London on Tuesday. “For gas, demand has plummeted in Europe, with double-digit percentage reductions.
We expect some of the lost demand to be permanent,” Hardy told the forum. “Gas and power had a terrible year for demand (last year) And it continues to be very difficult in Europe ... on the industrial side…Trading Giant Says Some Of Europe’s Natural Gas Demand Is Lost For Good
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