Italian natural gas consumption fell by 2.5% in 2024 to its lowest level in 15 years due to high prices and increased energy efficiency.
Consumption of natural gas in the EU’s third-largest economy, Italy , dropped by 2.5% in 2024 to its lowest level in more than 15 years, power market manager GME said on Friday. Demand fell for a third consecutive year in 2024, due to higher prices compared to the pre- energy crisis levels, the market manager said in a monthly newsletter. Gas consumption in power generation fell by 1.
Early this year, Italy called for a much lower EU cap on natural gas prices. The EU needs to extend the cap on natural gas prices but set the cap at a much lower level, to avoid fresh shocks in energy bills, Italian Energy Security Minister Gilberto Pichetto Fratin told a local radio station in early January. The European Union set at the start of 2023 an emergency cap on natural gas prices. This cap expires at the end of January 2025.
Natural Gas Consumption Demand Gas Prices Energy Crisis Price Cap EU Imports LNG
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