For 30 billion cubic meters m reduced industrial demand by 34 billion cubic meters. m – in gas distribution networks, another 6 billion cubic meters. m – in the power generation sector.
By the end of 2022, the consumption of natural gas in Europe will decrease by 13% or more than 70 billion cubic meters. m. This is the region’s strongest decline in demand in history. The said data is contained in the quarterly report of the International Energy Agency (IEA) on the gas market, published on Tuesday, February 28.
function news4566481() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4566481&lang=2&IsAjax=true’, function (data) { $(‘#nk4566481’).html(data); });
}
news4566481();
“Natural gas consumption in European OECD countries will fall by an estimated 13% (more than 70 bcm) in 2022, the sharpest decline in absolute terms on record. Record high gas prices are led to an unprecedented reduction in demand for industrial gas, while warmer weather puts pressure on demand related to gas distribution networks,” the report said.
It is already indicated for 30 billion cubic meters. m reduced industrial demand by 34 billion cubic meters. m – in gas distribution networks, another 6 billion cubic meters. m – in the power generation sector.
At the same time, more than 40% of the reduction in annual demand occurred in the fourth quarter of 2022, when gas consumption decreased by 20% (by 33 billion cubic meters) compared to the same period last year.
By 2023, gas demand in Europe will drop another 3%, the IEA predicts. This is due to the increased use of renewable energy sources and the greater availability of nuclear power in France. Demand for gas in the industrial sector will recover by about 10%.
However, if the supply of pipeline gas from Russia is completely stopped and competition for liquefied natural gas (LNG) in the world market intensifies, then the reduction in demand may reach 8%, the report says.
Overall, the IEA predicts that global gas demand will remain unchanged in 2023 at around 4.041 trillion cubic meters. m.
Earlier it was reported that the European Union saved 12 billion euros after the refusal of gas from the Russian Federation.
Last year, gas imports to the EU decreased by 5%, while the share of Russian gas in the total volume fell to 16%.
news Correspondent.net on Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.