Italy’s Gas Consumption Hits 15-Year Low in 2024, GME Reports
(Reuters) — Italy's natural gas consumption fell to its lowest level in more than 15 years to 61.7 billion cubic meters (Bcm) in 2024, the country's power market manager GME said on Friday.
An overall 2.5% annual drop was mainly due to a decrease in the use of gas in power generation, while consumption by companies and households was marginally higher compared to 2023, according to GME.
On the supply side, gas imports fell last year to 58.7 Bcm, touching their lowest level since 2015, GME said in its newsletter.
Despite a drop of nearly 9% in the year in flows to Italy, Algeria remained the country's biggest gas provider with 21.1 Bcm supplied in 2024.
Liquefied natural gas (LNG) imports fell more than 9% to nearly 15 Bcm, ranking as the second supply source for the country. Gas coming through pipelines from Azerbaijan was in third position at 10.3 Bcm.
Flows coming from Russia and other European countries via the TAG pipeline rose to 5.4 Bcm.
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