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Highlights of The Monthly GECF Report

NATURAL GAS

Highlights of the Monthly Gas Market Report from December 2023.

  • EU natural gas consumption in November rose to 33.6bcm, up by 4.7% year on year, driven by colder than normal temperatures across Europe.
  • Gas output for electricity production in the EU fell by 17% on the year, while total power output rose by 4%, amid higher renewables output and improved hydro and nuclear generation.
  • Chinese apparent gas demand rose by 7.4% on the year to 31bcm in November.
  • US gas demand rose by 4% tea on year to 81bcm in November.
  • Global LNG imports rose by 2.8% on the year to 35.4mn tons, driven by Brazil, China, India, South Korea and Thailand. Exports grew by 1.5% year on year to 34.8mn tons, amid increased flows from Malaysia, Mozambique, the UAE and the US.
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