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Baltic Gas Demand Up on Year in Feb: Argus

NATURAL GAS

February gas consumption in Finland and the Baltic states fell month on month, but rose on the year, according to Argus.

  • Consumption in Finland, Estonia, Latvia, and Lithuania totalled 5.04 TWh, down from a two year high of 7.13 TWh in January, but up 64% on the 3.8TWh in February 2023.
  • Temperatures across all four states were 6-7C higher in January on average, cutting gas demand.
  • The increase on the year was likely boosted by stronger industrial demand.
  • Latvian gas fired generation was also much higher year on year, up to 454MW compared to 350 MW.
Energy BulletsCommodities
Energy BulletsCommodities

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