How much natural gas does Europe have left? country by country announced

How much natural gas does Europe have left? country by country announced
How much natural gas does Europe have left? country by country announced
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While the UK has an occupancy rate of around 95 percent, in 2021 the European Union made the highest purchase from the USA. On the other hand, natural gas exports of the USA in 2021 reached an all-time record level, and after the Ukraine-Russia war, Qatar became the world’s largest supplier of liquid gas (LNG).

TOP 5 OVER 90 PERCENT

According to the European Gas Infrastructure (GIE) data, as of September 21, the natural gas stocks of the European Union countries reached 86.67 percent on average. The European Union Commission made a new regulation on March 23 and decided to increase the gas stock in the underground storages of the countries of the union to above 80 percent by 1 October. According to the data released on September 21, Portugal reached 100 percent, Poland 98.1 percent, France 95.9 and Denmark 94.85 percent.

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UKRAINE GAS STOCK: 29.41

It was stated that the post-Brexit gas stock of the UK, which left the EU, was 95.52 percent. The countries with gas stocks below 80 percent were Austria, Bulgaria, Hungary and Latvia. Ukraine’s natural gas stock was announced as 29.41 percent.

USA EXPORTS GAS AT A RECORD LEVEL IN 2021

According to data from the U.S. Energy Information Administration, the United States exported relatively small volumes of natural gas, mostly by pipeline, to Mexico and Canada until 2000, while gas exports increased gradually from 2000 onwards. The USA exported natural gas to 41 countries at a record level in 2021. According to the EU-US Gas Exports report announced by the European Commission on January 10, 2022; The EU has increasingly imported liquefied natural gas (LNG) from the US to diversify and make its energy supply safer. “Data show that LNG exports to the EU recorded the highest volume in 2021, reaching 22 billion cubic meters with an estimated value of 12 billion euros,” the report said.

MARKET FORESIGHTS

Emphasizing that the global liquefied natural gas (LNG) market is becoming increasingly competitive, the EU report included the International Energy Agency’s forecast for the future of the market. Accordingly, it was stated that imports of liquefied natural gas to Europe are expected to increase by almost 20 percent by 2040 compared to 2016 levels. In the report; It was underlined that the USA is the world’s largest gas ‘producer’ and the EU is the world’s largest gas ‘consumer’ after the USA.

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USA AND AUSTRALIA TO OPEN NEW GAS PRODUCTION FACILITIES

According to EU Commission data, it was emphasized that Qatar is the world’s largest LNG supplier by far. Other major suppliers include Australia, USA, Nigeria, Malaysia, Russia and Indonesia. It was underlined that in the next few years, the USA and Australia will greatly increase gas supply by commissioning new facilities.

The article is in Turkish

Tags: natural gas Europe left country country announced

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