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EU gas consumption down by 1.8%

Oil&Gas Materials 24 April 2019 10:48 (UTC +04:00)

Baku, Azerbaijan, April 24

By Leman Zeynalova – Trend:

Total gas consumption in the EU was 474 billion cubic meters (bcm) in 2018, down by 1.8 percent compared to 2017, Trend reports with reference to the European Commission.

“EU gas consumption in the fourth quarter of 2018 decreased by 3 percent in year-on-year comparison, after showing a decrease of 8 percent in Q2 2018 and that of 5 percent in the Q3 2018, compared to the same quarter of the previous year. In absolute level, the quarterly consumption in Q4 2018 amounted to 141.5 bcm, down from 145.6 bcm in Q4 2017,” reads a report released by the Commission.

Although gas-fired electricity generation increased in Q4 2018 in year-on-year comparison, the weather across Europe was generally milder than usual in the last quarter of 2018, explaining less gas consumption related heating needs, said the report.

“In 2018 as whole, total gas consumption in the EU was 474 bcm, down by 1.8 percent compared to 2017, when it amounted to 483 bcm. In 2018 gas consumption was only higher in February and March, characterised by cold weather, compared to the same month of 2017.”

This is while in the fourth quarter of 2018, EU gas production was 30.3 bcm, 8 percent (3.5 bcm) less than in the same period of 2017, according to the European Commission.

“In 2018 as whole, total EU gas production amounted to 120 bcm, 8 percent less than in 2017 (131 bcm). The biggest decrease in 2018 could be observed in the Netherlands, were production decreased by more than 6 bcm compared to 2017. In 2018 the United Kingdom took over the Netherlands as the largest EU producer with a quarterly production of 40.7 bcm (whereas the Netherlands produced slightly less, 40.3 bcm),” the report reads.

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