The question being raised in Europe is many of the new gas pipelines being planned by both Moscow and Brussels may not be required. Since 2008, overall demand for power has contracted by 1.2 % per year, reports European Commission's “Quarterly Report on European Electricity Markets."
Demand for gas is likely to fall further due to increased usage of coal and renewables for power generation. Europe has still not recovered from its economic crisis. The arrival of LNG from the United States and domestic production of shale gas.
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