France risks gas undershoot
The need for flexible back-up for renewables and nuclear plants may mean the country needs more gas than it thinks
France is bearish on gas demand, despite having built out one of the continent’s most modern combined-cycle gas turbine (CCGT) fleets over the past 15 years. Its 10-year energy and climate plan recently submitted to the European Commission sets out an objective to reduce primary gas consumption by 10pc by 2023 and 22pc by 2028 compared with 2012 levels. The country’s current annual gas consumption is around 470TWh (45.4bn m³). Energy efficiency in France’s building stock will be the main driver for demand reduction in the plan’s projections. Most of France’s 12GW gas-fired fleet is idle due to Covid-19 demand destruction. Last year, though, gas-fired power production in France increased by 2
Also in this section
17 May 2024
The latest drought crisis is passing, but longer-term solutions are in motion, explains Panama Canal Authority Administrator Ricaurte Vasquez Morales
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
14 May 2024
But there is still plenty of appetite for the country’s LNG in the Asia-Pacific region