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ABSTRACT: This paper analyzes the implications of disruptions in Russian gas for Europe’s balances and economic output. Alternative sources could replace up to 70 percent of Russian gas, allowing Europe to avoid shortages during a temporary disruption of around 6 months.
Figure 1: Monthly natural gas demand in Europe in January-May 2019 and 2020 (bcm) Sources: IEA, Eurostat, Entsog, GRTgaz, Terega, NCG, Gaspool, SNAM, Enagas, NationalGrid and author’s calculations
2 Public data sources for the European gas transmission system. Table 1 lists some useful public data sources to analyse the European gas transmission system. We focus mainly on the transparency platforms of ENTSOG and GIE, only mentioning other data sources for comparison or validation purposes.
Key headlines. Europe is a large consumer of natural gas, consuming 541 billion cubic metres (bcm) in 2020. European indigenous production could have met over two fifths of demand in 2020,...
Key messages. Europe's gas consumption in 2022 remains below that of the previous three years (-9% YTD) and reserves are higher (83% of total capacity). However, last week gas consumption jumped (7% above last 3-yrs) as temperatures normalized and Germany and France’s wind generation was low.
BBVA Research / Natural Gas in Europe 3 Key messages The analysis of recent gas consumption savings in the main EU countries highlights the major impact of high gas prices on industry gas consumption in the second half of 2022. We can also observe some
ABSTRACT: This paper analyzes the implications of disruptions in Russian gas for Europe’s balances and economic output. Alternative sources could replace up to 70 percent of Russian gas, allowing Europe to avoid
