Anne-Sofie Corbeau: European gas demand is down to levels seen in 2000:
"The European gas market is a disaster in terms of the weather, according to Anne-Sofie Corbeau, Senior Gas Expert at the International Energy Agency (IEA), who offered her insights on European gas flows to Natural Gas Europe at Flame in Amsterdam, the Netherlands.
Ms. Corbeau comments, “The demand has totally collapsed. I mean it was already on a downward trend, but with the weather effect across all Europe we are seeing in some cases demand being down by up to 20%. So this year from the demand perspective is going to be way below, probably at the level that we saw at the beginning of the year 2000. So we are back to one decade ago.”
She explains that the IEA has recently released (on June 10) its Medium-Term Market Report 2014 on natural gas, which she says covers the period from 2012 up to 2019."
'via Blog this'
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