Free Trial

Gas Demand in Baltic Countries Fell 6% in 2023

NATURAL GAS

Gas consumption in Baltic countries fell 6% last year due to warm weather, high gas prices at the start of the year and reduced gas consumption in the fertiliser industry according to Lithuanian TSO Amber Grid via Montel.

  • Lithuania, Latvia and Estonia gas consumption fell from 28.2TWh in 2022 to 26.5TWh in 2023 according to TSO data.
  • Estonia’s consumption saw the largest decline by 9% to 3.4TWh while Lithuania's fell by 4% to 14.9TWh and Latvia declined by 7% to 8.2TWh.
  • The decline followed a near 40% drop in Finnish-Baltic gas demand in 2022 amid the surging gas market prices.
100 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Gas consumption in Baltic countries fell 6% last year due to warm weather, high gas prices at the start of the year and reduced gas consumption in the fertiliser industry according to Lithuanian TSO Amber Grid via Montel.

  • Lithuania, Latvia and Estonia gas consumption fell from 28.2TWh in 2022 to 26.5TWh in 2023 according to TSO data.
  • Estonia’s consumption saw the largest decline by 9% to 3.4TWh while Lithuania's fell by 4% to 14.9TWh and Latvia declined by 7% to 8.2TWh.
  • The decline followed a near 40% drop in Finnish-Baltic gas demand in 2022 amid the surging gas market prices.