Engie Expects Lower Winter Energy Demand
Engie CFO Pierre-Francois Riolacci stated that rising energy prices will likely decrease European gas consumption this winter. Industrial demand has already faced pressure amid surging costs driven by global trade disruptions.
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ENGIE expects higher energy prices to reduce European consumption by 15% this winter, matching third-quarter demand drops. The European utility sector is grappling with soaring fuel costs driven by geopolitical conflicts. Industrial margins are shrinking across the continent as energy bills rise.
