Global Markets

IEA forecasts lower EU gas demand as 2030 targets bite

The IEA predicts Europe's gas demand may fall to 408 bcm in 2040, which is lower than its forecast last year The IEA predicts Europe's gas demand may fall to 408 bcm in 2040, which is lower than its forecast last year.
By Andreas Walstad 21 November 2018 0 33384

The International Energy Agency (IEA) has lowered its long-term gas demand forecast for Europe following the EU’s decision to increase its targets for energy efficiency and renewables.

Chart showing IEA gas demand forecast for EU

The EU’s gas demand will decline steadily over the coming decades, falling from 482 billion cubic metres in 2017 to 408 bcm in 2040, the IEA said in its 2018 World Energy Outlook (WEO). This forecast represents a downward revision from last year’s WEO, which...