Europe & Russia: Consumption
Demand from Europe’s six largest markets is expected to grow at the start of 2018.
Greater gas-fired power generation has supported Germany’s overall gas consumption this year, a trend that is expected to continue. Although Germany has yet to follow the UK, France and Italy, in setting a plan to phase out coal, output from its coal-fired power plants has fallen this year, while output from its gas-fired plants has increased. This has helped to drive up Germany’s overall gas demand, which is expected to rise by roughly 8% year on year in 2017, according to GGA estimates. Growth is expected to continue in early 2018, helping to push up the combined demand from Europe’s six largest markets in Q1 2018.