EU GAS DEMAND UP
NGW - The joint Organisations Data Initiative has just released oil and gas data for 2016. For the second year, EU gas consumption was up (this time by 7.4%) while domestic production was down by 2%.
Of the main EU markets, the UK witnessed an increase of 13% thanks to gas being more competitive than coal for power generation following the implementation of the £18/tCO2 Carbon Price Support. French gas demand is up by 10% owing to poor availability of nuclear. The record growth is for Greece, up by 29% in 2016 compared with 2015. But demand…
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