Gas production in Europe has dropped to the lowest level since 2021, according to a monthly Gas Exporting Countries Forum (GECF) report.
The numbers dropped 8% year-on-year in Q1 2025, down to 47.7 billion cubic meters.
Screenshot of chart from the GECF Monthly Gas Market Report (MGMR) for May 2025.
© Photo : Gas Exporting Countries Forum
March alone saw a 4% production decline compared to the same month last year, totaling 16.3 billion cubic meters – a fifth consecutive month of month of falling output.
Norway, Europe’s biggest gas producer (supplying two-thirds of the continent’s gas), led the decline with a 7% drop to 31.5 billion cubic meters.
The UK’s production fell 5% to 8.3 billion cubic meters due to maintenance at the Bacton Gas Terminal.
The Netherlands tanked hard with a 25% plunge to 2.4 billion cubic meters — thanks to depleted fields and zero investment in new projects.
Screenshot of chart from the GECF Monthly Gas Market Report (MGMR) for May 2025.
© Photo : Gas Exporting Countries Forum
Meanwhile, gas consumption in Europe surged 9% year-on-year in Q1 to 134.8 billion cubic meters, reaching 160.6 billion cubic meters from January to April — up 6% from last year.