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Refineries Cutting Gas Use Across Europe

NATURAL GAS

Oil companies announced a reduction in gas use at some European refineries in today’s results to help boost storage ahead of winter:

• Shell has slashed its gas use at Europe's largest oil refinery, Rotterdam's 404,000 barrel per day Pernis site, by 40% and at its German refineries by 70% in light of European tightness, its chief executive said.

• Repsol has cut its use of gas at refineries by 1 billion cubic metres (bcm), Chief Executive Josu Jon Imaz said – around 3% of Spanish consumption.

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