FT: Europe gas demand to stay weak until mid-2030, says IEA economist

Natural gas demand in Europe is likely to remain weak for almost two decades, according to the chief economist at the International Energy Agency, casting doubt on the continent’s ability to diversify its energy supplies and achieve climate change goals at an affordable cost.

“Current European gas consumption is back at where we were 15 years ago,” said Fatih Birolfrom the wealthy nations’ energy watchdog, adding that EU gas consumption would not regain its 2010 level until mid-2030. “I don’t see a bright picture for Europe’s natural gas sector.”  MORE