Friday, June 14, 2024
HomeOil & GasEU records lowest gas demand since 2008
Powered by

EU records lowest gas demand since 2008

The European Union’s demand for natural gas has been declining for 2 consecutive years, reported Eurostat. After a 13.3 per cent yearly decrease in 2022, demand fell by another 7.4 per cent in 2023, totalling 12.72 million terajoules in 2023. This also marks the lowest demand recorded since the collection of monthly cumulated data began in 2008.

gas

This reduction has been affected by measures outlined in the Council Regulation (EU) 2022/1369 on coordinated demand-reduction measures for gas, as part of the REPowerEU plan to end the EU’s dependence on Russian fossil fuels, as well as the ongoing energy crisis and the increase of energy prices.

In 2023, the largest natural gas consumers in the EU reduced their demand. Germany recorded a 2.96 million terajoules demand (-3.8 per cent compared with 2022), Italy 2.35 million terajoules (-10.0 per cent) and France 1.36 million terajoules (-11.7 per cent).

Looking at all EU countries, demand decreased in 21 out of 27 countries, with increases recorded in Finland (+25.6 per cent), Sweden (+11.1 per cent), Poland (+5.3 per cent), Malta (+4.5 per cent), Denmark (+1.1 per cent) and Croatia (+0.8 per cent).

Sign up for our newsletters

    Monthly newsletter – Delivering the most important energy stories of the month selected by our Editor-in-chief
    Weekly Oil&Gas roundup - All major news about the oil and gas industry, LNG developments, the upscaling of new gases and related EU regulations arriving in your mailbox every Monday.
    Weekly Renewables&Climate roundup - All major news about investments in renewable energy sources, environment protection, green hydrogen and new innovative ways to tackle the climate crisis arriving in your mailbox every Tuesday.

    Most Popular