European gas imports increase by 3%

European gas imports increase by 3%
European gas imports increase by 3%

European gas imports via pipelines increased by 3% in the first four months of this year (2024), but remain below pre-war levels in Ukraine.

A recent report obtained by the Washington-based Energy Research Unit showed that European Union gas imports via pipelines reached 53 billion cubic meters in the first four months of 2024, up from around 51 billion cubic meters. cubic meters during the same period in 2024. 2023.

However, European gas imports via pipelines during the period January to April 2024 remain below their average for the comparative periods of 2022, 2021 and 2020, reaching 80 billion, 92 billion and 81 billion cubic meters respectively.

For the month of April 2024 alone, European imports fell to 13.4 billion cubic meters, a drop of 2% on an annual basis and 4% compared to the previous March.

European gas imports via pipelines recorded their highest monthly level since December 2022 last March, up 4% year-on-year to reach 14 billion cubic meters.

Imports in the first quarter also recorded a 5% increase to 40 billion cubic meters, compared to around 38 billion cubic meters during the same period in 2023, according to periodic data tracked monthly by the Energy Research Unit.

The increase in European gas imports via pipelines in the first four months of 2024 is due to an increase in Russian gas supplies to the region by 21% compared to the same period in 2023, and quantities imported from Azerbaijan also increased by 8%, according to the monthly report recently released by the Gas Exporting Countries Forum.

On a monthly basis, supplies from Algeria saw a notable increase throughout 2024, while pipeline flows from Norway fluctuated as the country’s production declined last April due to activities maintenance in the fields.

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