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Snam reduces gas handled within storage system

Oil&Gas Materials 12 May 2022 12:44 (UTC +04:00)
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, May 12. The volume of gas handled by Italian Snam within the storage system in the first quarter of 2022 amounted to 6.10 billion cubic metres, down 0.45 billion cubic metres, or 6.9 percent, compared with the first quarter of 2021, Trend reports with reference to the company.

The reduction is mainly attributable to a decline in withdrawals from storage as a result of the milder temperatures recorded in the first quarter of the year compared with the corresponding period of 2021.

The volume of gas injected into the network in the first quarter of 2022 totalled 19.46 billion cubic metres, up 1.24 billion cubic metres, or 6.8 percent, due to a reduction in recourse to storage in response to the increase in gas demand in Italy and an expansion of exports. Gas demand in the first quarter of 2022 amounted to 25.53 billion cubic metres, posted an increase of 0.33 billion cubic metres, or 1.3 percent, compared with the corresponding period of 2021. This growth is mainly attributable to the increase in consumption in the thermal generation sector (+0.82 billion cubic metres, or 10.4 percent) due to an increase in electricity demand, while hydroelectric output and electricity imports declined.

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