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Weak demand, strong renewables poised to offset Russian gas loss in 2024

December 21, 2023 Comments Off

Still relatively weak gas and power demand combined with strong renewable generation growth are set to offset lost Russian pipeline gas deliveries through 2024, further easing the energy crisis that struck Europe in 2022. Gas demand is set to rise only slightly in 2024, according to S&P Global Commodity Insights forecasts, with power demand also set for only a small…