Natural gas & LNG

Europe & Russia August 2017

Regional analysis & forecasts
Economic overview

EU GDP growth improved in Q2 as the outlook for the UK remains uncertain.

GDP growth in the EU28 reached 2.2% year on year in Q2, up from 2.1% in Q1. Domestic demand in the eurozone has continued to be a key factor supporting growth, as have improved levels of investment. Unemployment is at a nine-year low, and the bloc’s economy has grown for 17 consecutive quarters. This stable expansion has supported gas markets in the region.

In contrast, annual GDP growth in the UK slowed in...