Europe reduced the use of winter gas against the background of the energy crisis – #Europe #reduced #winter #gas #background #energy #crisis
BRUSSELS, Feb 21 (Reuters) – Unusually hot weather increasing as it limits household heating prices as industry restricts production and governments take emergency measures to prevent an energy crisis Europe countries August-january in months gas reduced its use.
The EU is made up of 27 countries, according to data published Tuesday by Eurostat, the statistics office Europe Total gas consumption in the Union August-january decreased by 19.3% compared to the five-year average for the same period.
Formerly Europe’s largest supplier Russiawithin months of invading Ukraine in February European Union cut off much of the supply to its countries, leading to an energy crisis in Europe with scarce supplies and record prices.
Less gas consumption helped keep EU countries’ storage caves unusually full towards the end of winter – boosting confidence that they will avert shortages. Europe gas prices although it remains higher than the average of recent years, it has decreased since December.
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EU countries appear on track to exceed voluntary gas demand cut of 15% between August and March – Brussels and national by governments to save fuel and ahead of the northern hemisphere winter Russia supplies with alternatives substitute is one of the many emergency measures implemented last year. .
Analysts said it was too early to tell what was limiting demand in specific sectors, but industry cuts in response to mild winter temperatures and high gas prices were among the drivers.
Jacob Mandel, senior associate at Aurora Energy Research, said, “Weather definitely played a big role,” he said.
EU gas demand in October, November and january decreased by more than 22%, Eurostat said. Most likely, the cold, which increases the heating use of households weather December, which started with, recorded a smaller decrease of about 13%.
Eurostat did not disaggregate the data by sector.
A separate analysis by the Bruegel think tank showed that consumption in Germany, Europe’s largest gas market, fell in January compared to the 2019-2021 average by 27% in industry, 25% in households and 12% in the energy sector.
The decline was unevenly spread across countries. Finland’s gas consumption decreased by 57%, Spain’s demand decreased by 14%, consumption increased in Malta, an island country that is not connected to the EU gas network.
Reporting by Kate Abnett; Edited by Emelia Sithole-Matarise
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2023-02-22 00:24:57
Source – reuters
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