Italy’s Natural Gas Demand Slumps to 15-Year Low

Consumption of natural gas in the EU’s third-largest economy, Italy, dropped by 2.5% in 2024 to its lowest level in more than 15 years, power market manager GME said on Friday. Demand fell for a third consecutive year in 2024, due to higher prices compared to the pre-energy crisis levels, the market manager said in a monthly newsletter. Gas consumption in power generation fell by 1.6% last year from a year earlier, while residential consumption and the industry saw slight increases in consumption, up by 1.8% and 1.3%, respectively. As a result…