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IEA: Outlook bleak for EU gas sector

Posted on 08 May 2013

There’s not much to suggest the European natural gas market will make dramatic gains any time soon, the International Energy Agency said. The IEA said in its monthly journal that European countries consumed 8 percent more natural gas in 2010, erasing the 6 percent decline that coincided with economic crises in 2009.
That agency, however, said that was “an illusion” because of colder winters. When adjusted seasonally, the IEA said gas consumption in some countries is at 10-year lows………………………………………..Full Article: Source


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