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Similarly to the previous periods, in the Q1 of 2021 Russia was the top gas supplier of the EU

Russian pipeline gas in the extra-EU gas imports was 45% in the Q1 of 2021, up from 41 % in Q1 2020

Similarly to the previous periods, in the Q1 of 2021 Russia was the top gas supplier of the EU

Brussels, July 9 - Neftegaz.RU. The EU gas market report notes, although GDP in the EU was still down by 1.2% in Q1 2021 in year-on-year comparison, signalling that the EU economy could still not recover and reach the pre-pandemic level, EU gas consumption was up by 7.6% (10 bcm) compared to Q1 2020, after the slight increase (2.4%) in the Q4 of 2020 and the stagnation in Q3 2020.

Consumption of gas in electricity generation was:
  • up by 3.4% in Q1 2021
  • the widespread practice of teleworking might also have contributed to the overall increase in gas consumption in the residential sector
However, weather in Q1 2021 was milder than usual, but occasional cold spells also impacted gas consumption for residential heating needs.
Gas consumption in Q1 2021 was 141.8 bcm, up from 131.7 bcm in Q1 2020.

EU net gas imports fell by 3% year-on-year (by 2.5 bcm) in Q1 2021:
  • Russian pipeline supplies covered 45% of extra-EU net gas imports
  • Norwegian pipeline gas was the 2nd most important source (23%)
  • LNG imports together covered 20% of the total EU imports
Pipeline imports from Algeria more than doubled year-on-year, and covered 12% of the total extra-EU gas imports in Q1 2021, as oil-indexed price contracts became competitive vis-à-vis increasing gas hub prices.
The share of Libya was slightly more than 1% and the recently inaugurated TAP ensured 1.2% of the total extra-EU gas imports.

Net gas imports amounted to 78.5 bcm in Q1 2021, down from 81 bcm in Q1 2020:
  • Nord Stream remained the most important supply route of Russian pipeline gas to the EU, having a share of 41% in the Russian pipeline imports (15 bcm of gas transit)
  • The Belarus transit came to the 2nd place, with a share of 29% with 10 bcm gas transit
The Ukrainian transit was only the 3rd most important supply route for Russian pipeline gas, with a share dropping to 22% (8 bcm), ahead of TurkStream (8%, with slightly less than 3 bcm).

The United States were the largest LNG source for the EU, ensuring 4.2 bcm imports, followed by Russia (3.7 bcm) and Qatar (3.1 bcm).

Source : Neftegaz.RU

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