Market Research Results Predict Stable Gas Demand In EU For 2012

About The Authors

9th October 2012 12:01 - Oil and Gas

Demand for gas in the EU is expected to remain relatively stable in 2012 when compared to 2011, suggest the latest research findings from Eurogas – the body representing gas wholesale, retail and distribution sectors in the European Union.

Eurogas’ estimate relate to the results of a survey which covered 90% of the European Union’s gas market. However, the first half of 2012 registered a 2% drop in demand when compared with the same period in 2011; Eurogas put this down to the economics of power generation favouring coal and also to poor economic growth in that period. Coal was favoured due to its low price, which came about as a result of relatively low demand in the US and Asia. There is also a growing proportion of electricity being generated by renewables, which also ate in to the proportion generated by gas.

Particularly in the residential sector, Eurogas suggests that a slightly higher demand for gas may be expected in 2012 than in 2011 – especially if temperatures remain normal. Over the longer term, Eurogas expects gas to remain part of a realistic EU energy production portfolio due to its relative cleanliness and highly efficient, tested technologies.

Sign up for free insights from your sector…

Antispam code: 14655

Support Us..

We hope that you have found this article useful. This section is freely available for all to use. Please help support it by liking us or following us on our social media platforms:

Share this article..

For updated Oil and Gas insights please follow us on @DJS_Oil_Gas or use our RSS feed

Other Oil and Gas Research Findings

Other Latest Market Research Insights

© DJS Research 2019