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2017-03-24 19:15:00

EU GAS DEMAND UP

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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Tags: EUROPE, GAS, DEMAND

Chronicle:

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