The leading natural gas consumers in the region witnessed notable dip in consumption levels during the year before.
SEATTLE (Oil Monster): The European Union (EU) region recorded notable decline in demand for natural gas in 2023. This is the second consecutive year that the demand has recorded dip. The demand touched the lowest level in nearly fifteen years, said the latest data released by Eurostat.
The demand for natural gas totalled 12.72 million terajoules during the previous year. The demand witnessed year-on-year decline by 7.4% in 2023, after recording 13.3% decline during 2022. The demand hit the lowest level since 2008.
ALSO READ:
Kinder Morgan Foresees Strong Natural Gas Demand
Gas-Exporting Countries to Co-operate on Battling Demand Volatility
The leading natural gas consumers in the region witnessed notable dip in consumption levels during the year before. The demand for natural gas in Germany recorded 3.8% drop to total 2.96 million terajoules, upon comparison with 2022. The Italian demand, at 2.35 million terajoules, was down by almost 10%. Also, France recorded 11.7% year-on-year decline in natural gas demand in 2023. The country’s demand totalled 1.36 million terajoules, Eurostat data said.
On the other hand, Finland and Sweden recorded significant increase in demand by 25.6% and 11.1% respectively. The demand witnessed an increase by 5.3% in Poland, whereas it surged higher by 4.5% and 1.1% in Malta and Denmark respectively.
United States Crude Oil Prices | |||
---|---|---|---|
COMMODITY | PRICE | CHANGE | |
Alabama Heavy Asphaltic Sour | 50.38 | -2.67 | |
Alabama Light Sour | 55.98 | -2.96 | |
Alabama Light Sour Womack Hill Type | 55.28 | +5.30 | |
Alabama Light Sweet | 60.98 | -2.96 | |
Alabama/ Florida Panhandle | 60.52 | +1.50 |
Plastic Keychain Magnet
Keychain Magnets as gift items to promote your Scrap Metal Recycling business!. Letters and numbers can be imprinted. Available Colors: Red, Blue and Green
$2.59
Scrap Metal Test Magnet 10 lb N52 Neodymium Rare Earth
Retrieval and Metal Testing Magnet. Contains The Most Powerful Grade of Neodymium Rare Earth Magnet (N52). Case Material: Aluminum
$9.99