European demand for natural gas remained near the bottom of the five-year seasonal levels in August, helping inventories end the month at around 93% full, data from the Joint Organizations Data Initiative (JODI) showed on Monday.
Europe’s gas demand, measured in consumption in the EU and the UK, has trended lower for most of the past year amid energy savings measures, high prices last year, and demand destruction from slowing industrial activity.
In August, the latest available data in JODI, natural gas demand in the EU and the UK rose slightly but remained at the bottom of the five-year seasonal range.
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