Engie: Gas consumption of major industrial customers in Europe reduced by 30% | Economie

“Price increases are having a very significant impact on industrial consumers, and we have unfortunately seen a significant reduction in the consumption of large gas-heavy industrial consumers, who are the main gas consumers, in recent weeks in Europe,” Clamdieu told France International.

Taken all the suppliers together, the trend seen in the markets is one of a 30 percent drop compared to last year, “which is good news for gas supplies at the end of the year, but bad news for European industry.”

Clamdieu also noted that France’s gas reserves are now 95 to 96 percent full. “We are much better than we thought three months ago.” French stocks are expected to be full within a few weeks and are close to 90 percent of those in Europe as a whole.

Clamdio stresses that these gas reserves must be handled carefully to prevent problems at the end of winter. He suggests “reducing gas consumption by 10 percent”.

“It is necessary to reduce heating in homes and third-class buildings (…) one degree lower means a saving of 7 per cent in gas consumption in France.”