Natural Gas Demand From European Industry Is Set to Drop Again

Despite a slight uptick in industrial consumption of natural gas this year, Europe’s heavy industry is likely to return to curtailing gas use next year amid a tighter gas market and higher prices, analysts and industry officials have told Bloomberg. Since the 2022 energy crisis, European industry has been squeezed amid sky-high energy costs and weak industrial demand in weakening economies. European companies have been losing competitive advantage to firms outside the EU, especially in Asia, with its low labor costs, and the U.S., where gas...