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Enron Mail |
Title: European Gas Watch Consumption and Supply Database URL: http://www20.cera.com/eprofile?u=35&;m=2387 The Fundamentals--Demand Influenced by Power Prices? The outturn of demand for gas in OECD Europe in 2000 was 484.6 Bcm (billion cubic meters), 2.0 percent above the previous year's level of 441.1 Bcm. This was a strong performance, supported by continued switching to gas in power generation in Italy and Spain. But despite the relatively strong performance, several countries recorded a decline--Germany and Netherlands in particular. Gas demand appears to have declined in countries where power prices are low. Companies shut-in production of electricity by cogeneration and bought from the grid, decreasing overall gas demand. Electricity trade increased between Germany and the Netherlands, with low electricity prices in Germany lowering overall electricity production from gas in the Netherlands. The total quarter- on-quarter growth in the third and fourth quarters was due entirely to the underlying increase in demand for gas for power generation. Residential--First quarter demand was strong with colder weather over the same period in 1999. Temperatures were high in the fourth quarter, dampening residential demand. The continued increase in connections to the grid in most of Europe maintained residential, commercial, and small industrial consumption despite some warm weather patches throughout the winter. Industrial--Industrial demand was strong throughout the year, particularly in countries with strong economic growth during 2000--France, Spain, and Belgium. Power generation--Dry weather in the first quarter of 2000 led to an increased use of gas in power generation switching from hydropower. However, in some countries--Italy, for example--wet weather increased hydro output, decreasing gas demand in the fourth quarter. Overall fourth quarter demand in the power generation sector was sustained by incremental new, gasfired capacity that had come onstream. **end** Follow above URL for updated demand and supply data. E-mail Category: Report CERA Knowledge Area(s): European Gas, *********************************************************************** CERA's Spring 2001 Roundtable event dates and agendas are now available at http://www20.cera.com/event *********************************************************************** To make changes to your cera.com profile go to: http://www20.cera.com/client/updateaccount Forgot your username and password? Go to: http://www20.cera.com/client/forgot This electronic message and attachments, if any, contain information from Cambridge Energy Research Associates, Inc. (CERA) which is confidential and may be privileged. Unauthorized disclosure, copying, distribution or use of the contents of this message or any attachments, in whole or in part, is strictly prohibited. Terms of Use: http://www20.cera.com/tos Questions/Comments: webmaster@cera.com Copyright 2001. Cambridge Energy Research Associates
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