Europe's gas sector has been hit by low growth in demand for electricity, the renewable energy boom and competition from coal-fired plants, Jean-Francois Cirelli, president of Eurogas, which represents the industry, said in a conference speech and in an interview with Reuters on Tuesday (15 May).
Cirelli said EU gas consumption dropped 2% in 2012 after falling 10% in 2011. Half of the decrease was caused by lower gas consumption by power plants, the other half to a structural fall in final gas demand, notably the effects of energy efficiency and substitution.
La situation du secteur du gaz européen est désastreuse et, sans politique de stimulation des investissements, l’approvisionnement énergétique de certains pays pourrait être en péril, a déclaré un représentant haut placé de l’industrie.
EurActiv.com with Reuters