XM does not provide services to residents of the United States of America.

German 2024 gas consumption up 3.3%, industry group says



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-German 2024 gas consumption up 3.3%, industry group says</title></head><body>

Gas consumption higher, net imports drop 1%

Norway leading supplier of pipeline shipments

9% of imports arrived via inland LNG terminals

United States supplied bulk of LNG

Adds context, more data from paragraph 3

FRANKFURT, Dec 18 (Reuters) -German utility industry group BDEW on Wednesday reported annual national usage of natural gas rose 3.3% in 2024 to 835 billion kilowatt hours (kWh).

The figure is watched in the context of Germany's growing reliance on gas imports via intra-European pipelines other than from Russia, which were halted in the Ukraine war, and on liquefied natural gas (LNG) from overseas.

Europe's biggest economy imported 1% less gas than in the previous year, with net receipts, cleared of transit for import and export, amounting to 771 billion kWh.

Germany possesses the biggest underground storage capacity for gas in the European Union and was able to meet its demand with stocks and from small domestic fields.

The bulk of gas arriving via pipelines came from Norway, which held a share of 45.1% of national consumption, BDEW figures showed.

Some 9% of the consumption total was received at new landing terminals for liquefied and supercooled natural gas (LNG), which were built up inside Germany in the energy crisis, the BDEW data also showed.

Germany also receives pipeline gas from many other origins via import destinations elsewhere in Europe, and LNG via other EU landing terminals, where the LNG is regasified and fed into trans-European pipeline grids.

Within the LNG share, a big reliance on United States origins was manifest: 91% of the total volume was from the U.S.

Separately, in preliminary power statistics, BDEW said that gross electricity production was 488.5 billion kWh in 2024, down 2.4% year-on-year, of which 58.1% came from renewable sources.



Reporting by Vera Eckert, editing by Rachel More and Tomasz Janowski

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.