BASF: Europe gas use could fall further if prices stay high

BASF's willingness to trim gas demand further signals that high European energy costs are becoming a structural operating condition rather than a temporary shock, with chemical producers among the most exposed because gas is both fuel and feedstock. The comment matters beyond one company: demand destruction of this kind feeds through to industrial output, power balances and the wider European gas market. Whether prices actually reach the triple-digit range Dorn flagged, and how much of BASF's demand response is permanent versus seasonal, are the open questions to watch.