×
×
Natural gas & LNG

Europe & Russia June 2019

Regional analysis & forecasts
Economic overview

Slow economic growth in Europe will limit gas market gains this year.

Weak economic expansion in the eurozone will curtail energy and gas consumption this year and next. GDP growth in the eurozone is forecast to be just 1.2% in 2019, 1.4% in 2020 and 1.3% in 2021. The forecast for weak growth in Germany is helping to limit expansion in the region. Germany’s exports and industrial output both fell in April, hitting the country’s economic growth for the quarter. While gas consumption is expected to...