Natural gas consumption in the European Union decreased by 6% year-on-year to 17.8 billion cubic meters in September this year, stated in a report by the Gas Exporting Countries Forum (GECF), APA-Economics reports.
According to the report, the decline was recorded despite an increase in gas demand in the power generation sector, indicating reduced consumption in other sectors. Due to the transition from summer to autumn, electricity demand for cooling decreased, while heating demand in the residential sector remained limited. Gas consumption in the industrial sector may also have remained low, which was one of the factors contributing to the overall decline in gas demand in the European Union.
It is reported that during the same period, natural gas consumption in the United States increased by 3% year-on-year to 70 billion cubic meters.
"The increase was mainly driven by rising demand in the power generation sector. As widespread heatwaves across several regions increased cooling demand and electricity consumption, gas consumption for power generation rose by 6% compared to the same period of the previous year. Gas consumption in the residential sector also increased by 6% year-on-year, while gas demand in the industrial sector decreased by 0.3%, and gas consumption in the commercial sector declined by 1%," the report noted.
It should be recalled that the transportation of Azerbaijani gas to Europe via the Trans Adriatic Pipeline (TAP) began on December 31, 2020.
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