Скачать или смотреть Revealed! Europeans Are Struggling To Cut Down On Gas Usage

Revealed! Europeans Are Struggling To Cut Down On Gas Usage

Europe slashed its gas use as industries cut production in response to soaring prices and scarce Russian supply. Although the cuts were unevenly spread between countries, the overall gas use in the 27-nation European Union slumped by 14 percent in August against its five-year average for the month. And by 15% in September, according to the latest data from EU statistics office Eurostat.High gas prices have led to temporary closures of steelworks, smelters and cement manufacturers across the EU in recent months. Europe's fertiliser producers curtailed more than 70% of their capacity in August.Prices have said to turn negative because of an “oversupplied grid.This video is about the sad tale of Europe's increase in gas price and what lies for the Europeans. Please watch, like, and share this video. Drop your comments and observations below and subscribe to the channel for more videos like this.

Let’s dive right in.In July, the EU countries agreed to voluntarily reduce their gas demands by 15% from August, as they raced to fill gas storage and save fuel for a winter of scarce Russian supplies.With EU gas storage now 94% full, and temperatures unusually mild, gas prices have fallen in recent weeks although they remain higher than a year ago.This fall is what is leading to the gas cut.The recent drop in gas use was unevenly spread between countries, with a few even increasing their consumption.Germany, Europe's biggest gas user and industrial powerhouse, cut its gas consumption by 28% in August and 7.4% in September, while Italian gas use dropped by 22% in September and Dutch gas use by nearly a third.Spanish gas use rose slightly in both months. While industrial consumption fell in September, power sector gas consumption increased, according to Bruegel data - which the think-tank attributed to an effort in Spain and Portugal to cap gas prices. A drought also depleted Spain's hydropower output, increasing the call on gas power plants.

It is a hugely surprising turn of events for Europe, where households and businesses have been clobbered by eye-watering rises in the price of one of its most important energy sources over the past year.Massimo Di Odoardo, vice president of gas and LNG research at Wood Mackenzie, says unseasonably mild weather is largely responsible for the dramatic change in fortune.“In countries like Italy, Spain, France, we’re seeing temperatures and [gas] consumption closer to August and early September [levels],” he told CNN Business. “Even in countries in the Nordics, the UK and Germany, consumption is way below the average for this time of the year,” he added.

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