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Energy crisis in Europe

Gas demand in Europe down to 1995 lows in 2023 — IEA

The decline was almost entirely concentrated in Q1-Q3 2023

MOSCOW, January 26. /TASS/. Gas demand in European countries fell by 7% last year to the lowest level since 1995, according to Gas Market Report by the International Energy Agency (IEA).

"Natural gas demand in OECD Europe fell by 7% (or 35 bcm) in 2023 to its lowest level since 1995. The decline was almost entirely concentrated in Q1-Q3 2023, while gas consumption remained just below its 2022 levels in Q4," the report reads.

The power sector alone accounted for 75% of the demand reduction, as lower electricity demand together with the continued expansion of renewables and improving nuclear availability weighed on gas-fired power generation.

Natural gas consumption in industry increased marginally in 2023 due to the continued decline in natural gas prices supported a moderate recovery in industrial sector gas demand.

"Our forecast expects natural gas demand in OECD Europe to increase by a moderate 3% in 2024, as the decline in gas-to-power demand is offset by higher gas use in the residential, commercial and industrial sectors," the agency said.

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Energy crisis in Europe

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Russia to continue helping Sahel countries boost their armies’ combat capacities

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Two-thirds of Russians dissatisfied with 2024, survey reveals

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Russian Olympic champ Nagorny welcomes ISU’s decision to clear Russian athletes

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Russia’s FPV drone Gortenzia with fiber-optic cable control used in military operation

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Russian forces gain control over road between Gulyaypole, Velikaya Novosyolka — official

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Situation with gas supplies from Russia to Europe difficult — Kremlin

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Putin bestows order upon Hermitage director general

The head of the State Hermitage Museum now has the full set of Orders for Merit to the Fatherland

Russia, Iran talk four points for Rasht-Astara project implementation — Deputy PM

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Is Gaddafi's gloom prophecy in regard to Europe bound to be fulfilled?

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Lavrov reaffirms Moscow’s unity with Belgrade in protecting rights of Serbs — Russian MFA

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US system on biological risks tested in Ukraine works in Africa — Russian ministry

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Trump’s election victory changed Western approach to Ukrainian conflict, adviser says

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Former Austrian minister names 4 suspect countries in connection with Nord Stream sabotage

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Russia not to deviate 'one bit' from its main conditions in talks on Ukraine — speaker

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