According to the Directorate-General for Energy and Geology (DGEG), the average import price of natural gas in July fell by 62% compared to the same month in 2022, from €62 to €23 per megawatt-hour (MWh). released this Thursday.
According to the July fossil fuel statistics released by DGEG, “the average import price of natural gas in July 2023 (€23/MWh) is down 62% compared to the average price confirmed in the same month of 2022 (€62/MWh). )”.
During this period, in contrast to the consumption of petroleum products, which increased by 0.8%, natural gas consumption decreased by 14.4% compared to the previous year, as did coal (-88%), mainly due to the closing of coal mines. power plants in 2021.
Natural gas prices hit historic highs last year following Russia’s invasion of Ukraine in February 2022.
After the war, the European Union took steps to reduce Russia’s energy dependence, including targets to reduce natural gas consumption.
According to the latest DGEG data, in July global fossil fuel consumption expressed in mobile years (aggregation of consumption over the last 12 months) decreased by 5.6% year-on-year and 0.4% year-on-year. to the mobile year of the previous month.
In the case of jet fuel, consumption increased by 28%, which is 3.7% higher than the consumption level observed in 2019.