What is the short-term outlook for Europe's industrial gas demand? Report

Insight 06 September 2022

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Report summary

Six months after the start of the energy crisis resulting from Russia’s invasion of Ukraine, the impact of astronomic gas prices on the industry is becoming increasingly clear with some sub-sectors already showing dramatic declines and announcements of industrial plants being shut down. Industrial demand destruction risks are heavily weighted to the downside amid sustained high gas prices and the expectations of further Russia supply cuts. Gas prices are expected to remain high through 2024 increasing risks of further economic slow-down and putting even more pressure on gas demand. Read this report to understand • What has the impact of record high gas prices been on European industry been so far? • Which industrial subsectors are most at risk from high gas prices? • How much further will industrial demand fall in the short term?