Eurogas: European LNG imports up with rising gas consumption

Eurogas: European LNG imports up with rising gas consumption

Eurogas, the association representing European gas distributors on Wednesday estimates the gas consumption went up 4 percent in 2015 compared to the year before. 

According to the initial estimates, European gas consumption reached a 426.3 billion cubic meters, which was reflected in a rise in LNG imports, a result of the supply diversification, Eurogas said in its report.

As the association informs, this was the first rise in gas consumption in four years.

Eurogas noted that LNG had the largest share of gains in imports in some countries, such as the Netherland where it almost doubled, while LNG imports in Italy jumped some 34 percent.

One of the contributing factors was the weather as well as the economic recovery in countries such as the Czech Republic, France and Slovakia which posted an increase in industrial gas demand. Other countries did, however, post a decline in this sector.

Due to a drop in gas prices, it also gained a share in the power sector in the United Kingdom, Italy and Greece while tax regime in Finland curbed the gas consumption.

Compressed natural gas market developed in countries such as the Czech Republic where CNG consumption rose 46 percent year-on-year, Eurogas said.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >