Pipelines, Storage & Power

EU gas-to-power growth to be short-lived – IEA

The recent increase in gas demand for power generation will not last for long, according to the International Energy Agency The recent increase in gas demand for power generation will not last for long, according to the International Energy Agency.
By Andreas Walstad 17 July 2017 0 26784
A gas-fired power plant in Germany. (E.On)

Despite growth in demand last year, the medium-term outlook for gas in power generation is bleak across Continental Europe, according to the International Energy Agency (IEA).

Over the next five years, power demand in Continental Europe is expected to remain flat while the growth in renewable electricity production is expected to be "substantially more" than the decline in coal-fired generation and the reduction in Germany’s nuclear output, leaving a smaller market share for gas-fired power, the agency said in its