Economic recession and natural gas demand in Europe

Economic recession and natural gas demand in Europe: what happened in 2008-2010? / Anouk Honoré. Oxford Institute for Energy Studies, Jan. 2011, 111 p. (NG 47)

http://www.oxfordenergy.org/pdfs/NG47.pdf

The paper is a companion piece to the book European Natural Gas  Demand, supply and Prices: Cycles seasons and the impact of LNG price arbitrage published in January 2011 by the OIES. It offers a statistical update on gas demand since the book was finished. The main text provides some concise analysis on gas demand trends and the main sectors of consumption. The appendices give additional statistical details by country. Natural gas demand in Europe will recover progressively but not necessarily faster than expected although cold temperatures at the beginning and the end of 2010 will have boosted gas demand. Although the impact of cold temperatures should not be confused with underlying recovery signs of economic improvement and as a consequence signs of a slow recovery of gas demand in 2010 enhanced by temperature effects is the overall picture. (© OIES)


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