Articles tagged industrial demand

Global natural gas demand accelerated during the first half of the year at a rate well above the historical average, according to the International Energy Agency’s (IEA) latest quarterly report.

Natural gas-fired power generation in Europe declined 16% year/year during the first half of 2024, driven partly by a sluggish recovery in industrial demand across the continent, according to the European Union (EU) energy watchdog.

Unlike home heating demand amid one of the mildest winters on record, industrial consumption of natural gas is holding relatively steady due to ongoing robust economic activity and energy needs in the U.S. manufacturing sector.

For all the talk about weak weather-driven demand in 2023, a buoyant U.S. economy may complement mounting global energy needs and provide a key pillar of strength for natural gas markets in the form of steady industrial demand in the new year.