https://sputnikglobe.com/20221201/eu-gas-demand-fell-by-50-bln-cubic-meters-in-11-months-gazprom-says-1104936705.html
EU Gas Demand Fell by 50 Bln Cubic Meters in 11 Months, Gazprom Says
EU Gas Demand Fell by 50 Bln Cubic Meters in 11 Months, Gazprom Says
Sputnik International
MOSCOW (Sputnik) - Global gas demand decreased by 55 billion cubic meters in 11 months, of which about 50 billion fell on the EU countries, Russian energy... 01.12.2022, Sputnik International
2022-12-01T12:37+0000
2022-12-01T12:37+0000
2023-04-12T17:15+0000
energy crisis in europe
gazprom
russia
european union (eu)
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Since 2021, energy prices in Europe have been surging as part of a global trend. However, the situation deteriorated after the beginning of Russia's military operation in Ukraine in February 2022, when Brussels adopted of several packages of sanctions against Moscow. The restrictions aimed to curb imports of Russian gas and the global energy markets, resulting in skyrocketing prices. Rising inflation and cost-of-living crises forced European governments to resort to contingency measures.Record-high energy prices and the switch to puchase US LNG - which is more expensive that Russian supplies - also caused a major blow for European industry.
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EU Gas Demand Fell by 50 Bln Cubic Meters in 11 Months, Gazprom Says
12:37 GMT 01.12.2022 (Updated: 17:15 GMT 12.04.2023) MOSCOW (Sputnik) - Global gas demand decreased by 55 billion cubic meters in 11 months, of which about 50 billion fell on the EU countries, Russian energy giant Gazprom said on Thursday.
"For 11 months of 2022, according to the first preliminary estimates and available operational data, global demand has decreased by 55 billion cubic meters. It should be noted that a decrease in gas consumption in the 27 EU countries amounted to about 50 billion cubic meters, in the UK — more than 6 billion cubic meters," the statement read.
Since 2021, energy prices in Europe have been surging as part of a global trend. However, the situation deteriorated after the beginning of Russia's military operation in Ukraine in February 2022, when
Brussels adopted of several packages of sanctions against Moscow. The restrictions aimed to curb imports of Russian gas and the global energy markets, resulting in skyrocketing prices. Rising inflation and cost-of-living crises forced European governments to resort to contingency measures.
Record-high energy prices and the switch to puchase US LNG - which is more expensive that Russian supplies - also caused a
major blow for European industry.
