Three major gas pipeline development projects were recently completed in Europe.Continue reading
In September, the daily average of domestic natural gas consumption decreased significantly compared to the previous four-year period, accelerating the adjustment of demand to high natural gas prices, according to the September report of the Hungarian Energy and Public Utility Regulatory Authority.
In September, domestic natural gas consumption was 4.4 terawatt hours (TWh), down 9 percent year-on-year, with peak day consumption at 197 gigawatt hours (GWh), the lowest since 2016. The energy authority has data on changes in the structure of consumption for August, showing that consumption in the residential segment of the universal service fell by 18 percent, the non-residential segment by 25 percent and power plant consumption by 3 percent compared to the previous year.
Consumption in the other category, which represents less temperature-dependent industrial use, fell by 37 percent, which can be seen as a demand-reducing effect of high prices, the energy agency said.
According to the statement,
the volume of pipeline and liquefied natural gas resources coming into Europe in September was 10 percent lower than the previous year, with a monthly decrease of 3 percent.
Russian sources continued to fall in September with the loss of Nord Stream, down 31 percent on the previous month. With the exception of the Norwegian source, where deliveries decreased due to maintenance work, all other sources increased on a monthly basis.
Featured photo via Pexels
