EAGC 2012: Europe struggling with lower gas demand, competition

11/26/2012
Leaders of Europe's natural gas industry gathered Nov. 13 in Vienna at the 27th annual European Autumn Gas Conference to hear what most already know: Expensive, oil-indexed-priced natural gas in Europe is struggling to compete with plentiful coal and subsidized renewables. Anne-Sophie Cobeau, senior gas expert at the International Energy Agency, Paris, reported that Europe in 2011 was alone among the world's gas-market regions in seeing a decline in gas demand. She said that in fact it was lower than in 2009, the year following the start of the global financial crisis. That drop in 2011 was due not only to milder winter weather but also to high commodity prices and lower regional gross do...
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