Policy & Regulation

EU demand growth boosts optimism on future of gas

Three consecutive years of gas demand growth have spurred renewed optimism that the fuel will play a key role in Europe’s decarbonisation Three consecutive years of gas demand growth have spurred renewed optimism that the fuel will play a key role in Europe’s decarbonisation.
By Andreas Walstad 9 April 2018 0 30331
An E.On gas-fired power plant in Gönyü, Hungary. (E.On)

European gas consumption has recovered following sharp declines between 2011 and 2014, and is now at its highest level since 2010. 

The European Commission estimated in its quarterly gas market report that Europe’s gas demand grew by 6% year on year in 2017, driven by the power sector. That is level with Eurogas’s forecast of 5.9% from November last year but more optimistic than that of the International Energy Agency, which estimates a 3.4% increase. 

Data from both the commission and...