BAKU, Azerbaijan, Mar. 20
By Leman Zeynalova - Trend:
In 2019, a total of 75.37 billion cubic meters of gas were injected by Italian Snam company into the country’s network, an increase of 2.55 billion cubic meters (+3.5 percent) compared with 2018, Trend reports with reference to the company’s data.
“The increase is mainly a result of higher consumption in the thermoelectric power generation sector (+2.45 billion cubic metres; +10.1 percent) following greater use of natural gas in the generation of electricity, a reduction in electricity imports and lower production from renewable sources, especially hydroelectric power, despite the growth in wind and solar power,” said the company.
The report shows that adjusted for the weather effect, gas demand came to 74.61 billion cubic meters, up 1.76 billion cubic meters (+2.4 percent) compared with the equivalent in 2018 (72.85 billion cubic meters), also following the greater use of energy efficiency enhancing measures by the residential and tertiary sector.
During 2019, 2.40 billion cubic metres of LNG were regasified at the Panigaglia (SP) LNG terminal (0.91 billion cubic metres in 2018; +1.49 billion cubic metres), said Snam.
“In 2019, 57 methane tanker loads were unloaded (+36 on 2018). The significant increase in business volumes as compared with last year is mainly due to the more competitive cost of LNG as compared with natural gas, as well as new mechanisms for the allocation of regasification capacity through specific auction procedures.”
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