Natural gas demand in Europe in 2017 and short term expectations

Following a continuous decline between 2010 and 2014, natural gas demand in Europe started to rise again in 2015. The trend continued in 2016 and 2017 reaching 548 bcm. Final detailed statistics of gas demand by sector for 2017 will not be available for each of the 31 countries considered in the paper for several months but it seems that, as in the two previous years, a combination of drivers explain the rising numbers: the impact of temperatures, continued economic recovery, and increasing gas deliveries to the power sector. This short paper provides a brief overview of the main dynamics that have impacted gas demand in Europe in 2017 and identifies key drivers for future demand in the next five years.

By: Anouk Honoré

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