Europe & Russia: Consumption
Offtake was strong at the start of the year, but demand looks set to fall across many major European markets.
Although the power sector will still support the UK’s overall gas demand, its offtake is not expected to be enough to raise the country’s appetite for the fuel on an annual basis over the coming months. Weaker demand for electricity and competition from renewables will put pressure on gas-fired power. Gas is forecast to generate 16% of the UK’s electricity during the summer (April-September), according to the outlook from National Grid. However, gas-fired power output could drop by as much as 14% year on year, cutting the sector’s demand for the fuel.
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up