Baku, Azerbaijan, May 15
By Leman Zeynalova – Trend:
The volumes of gas released by Italy’s Snam company into the national transportation network rose by 0.9 percent in the first quarter of 2019, as compared to the same period in 2018, Trend reports with reference to the company.
“The volumes of gas released into the national transportation network in the first quarter of 2019 totalled 18.93 billion cubic metres, slightly up on the first quarter of 2018 (+0.17 billion cubic metres; 0.9 percent), essentially following fewer deliveries from storage plants (+0.58 billion cubic metres), partly absorbed by the reduction in the demand for natural gas in Italy (25.64 billion cubic metres; -0.42 billion cubic metres; -1.6 percent),” reads a report released by Snam.
The company said that the reduction in the demand for gas, despite the substantial industrial sector stability, is mainly due to lower consumption by the residential and tertiary sector (-1.03 billion cubic metres; -7 percent) following the climate trend, partially offset by the increase in consumption within the thermoelectric sector (+0.62 billion cubic metres; +10.1 percent).
“More specifically, this sector benefits from the reduction of electricity import flows and the greater use of natural gas in electricity generation, despite the increase in production from renewable sources, especially wind power. Adjusted for the weather effect, gas demand was estimated at 25.70 billion cubic metres, up by 0.18 billion cubic metres (0.7 percent) compared with the first quarter of 2018 (25.52 billion cubic metres),” reads the report.
Snam said that injections into the network from domestic production fields or collection and treatment centres totalled 1.20 billion cubic metres, down by 0.10 billion cubic metres (-7.7 percent) compared with the first quarter of 2018.
Snam is Europe’s leading gas utility. It has been building and managing sustainable and technologically advanced infrastructure guaranteeing energy security for over 75 years. Snam operates in Italy and, through subsidiaries, Austria (TAG and GCA), France (Teréga) and the United Kingdom (Interconnector UK). It is one of the main shareholders of TAP (Trans Adriatic Pipeline) and is the company most involved in projects for the creation of the Energy Union.
Since 2001 Snam is a public company, listed in the FTSE MIB index of the Italian Stock Exchange.
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