Natural gas consumption fell by a tenth in April

Natural gas consumption dropped by ten percent to 355 gigawatt hours in April compared to the same period last year.

Last month, 357 gigawatt hours of natural gas, i.e. nine percent less than in April last year, was imported to Estonia. The minimum amount of natural gas that entered the country in a 24-hour period was 5 gigawatt-hours and the maximum amount was 20 gigawatt-hours.

The reserve capacity of the transmission pipeline in April was 49 gigawatt hours, growing by 8 percent year over year. Transit from Russia to Latvia fell from 5.8 gigawatt hours in last April to 0.5 gigawatt hours.

Last month, the price of natural gas traded on the GET Baltic Lithuanian gas exchange was 17.81 euros per megawatt-hour in the Estonian bidding area, showing a decrease of 8 percent compared to March. In Latvia, the price fell by 11 percent to 17.04 euros, and in Lithuania, the price fell by more than 10 percent to 17.65 euros per megawatt-hour. The average system price in the Baltic Sea region decreased by 10 percent to 17.64 euros per megawatt-hour. The comparable price on the Finnish Kaasupörssi fell in April by 15 percent, reaching 22.67 euros per megawatt-hour.

As a result of the balance settlement in April, the balance providers’ portfolio shares were as follows based on consumption: