Pipelines, Storage & Power

European gas-to-power – decline on the horizon

The power sector supported Europe’s gas demand growth last year, but with changes taking place in the gas and power markets that growth is not set to continue The power sector supported Europe’s gas demand growth last year, but with changes taking place in the gas and power markets that growth is not set to continue.
By Catriona Scott 26 May 2017 0 26089
Combined gas-fired power plant Samsun (OMV)

Gas demand from four of Europe’s largest markets rose by 10% on an annual basis in 2016. Consumption in the UK, Germany, Italy and France saw gains supported by weather-related demand and increased power sector offtake. However, while the weather could still support gas consumption in Europe’s leading markets this year and next, the outlook for power sector gas use is less certain. Lower power sector demand will weigh on overall gas consumption.

Total gas demand for four of Europe’s largest gas markets was around 285...