03.04.2019 09:57
Warm weather led to a 28 percent decrease in the consumption of natural gas in February
The consumption of natural gas in Estonia dropped by 28 percent in February to 567 gigawatt-hours compared to the same period in the previous year as a result of warm weather.
Natural gas imports to the country were 27 percent less in the previous month than in February last year – approximately 567 gigawatt-hours. The minimum amount of natural gas that entered the country in a 24-hour period was 16 gigawatt-hours and the maximum amount was 26 gigawatt-hours.
The reserve capacity of the transmission pipeline in February was 50 gigawatt-hours, a growth of three percent compared to last year.
In February, 803 gigawatt-hours of natural gas was transported from Russia to Latvia through the transmission pipeline in south-eastern Estonia. The transit volume increased by nearly 12 times compared to last February.
Last month, the price of natural gas traded on the GET Baltic Lithuanian gas exchange was 21.78 euros per megawatt-hour in the Estonian bidding area, showing a decrease of over 11 percent compared to January. In Latvia, the price fell by about eight percent to 21.77 euros per megawatt-hour, and in Lithuania, the price fell by about nine percent to 22.01 euros per megawatt-hour. The average system price in the Baltic Sea region decreased by more than nine percent to 22.00 euros per megawatt-hour. The comparable price on the Finnish Kaasupörssi fell in February by approximately 11 percent, reaching 24.65 euros per megawatt-hour.
As a result of the balance settlement in February, the balance providers’ portfolio shares were as follows based on consumption:
|
Portfolio shares |
Dec 18 |
Jan 19 |
Feb 19 |
|
Eesti Gaas |
79.5% |
55.9% |
58.5% |
|
Eesti Energia |
10.5% |
12.4% |
9.6% |
|
Scener |
4.4% |
1.6% |
1.8% |
|
Alexela |
5.6% |
5.2% |
5.6% |
|
Elektrum Eesti |
0.0% |
0.1% |
0.1% |
|
JSC Latvijas Gaze |
0.0% |
24.8% |
24.5% |