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Natural gas demand hits historical record in August in Spain

Natural gas demand hits historical record in August in Spain

National demand for natural gas closes the month of August with an increase of around 18% compared to the same month of the previous year, reaching 25,100 GWh. A historic record as this percentage represents the largest monthly increase in the summer period since 2008 and surpasses that recorded last July.

Conventional demand intended for consumption of homes, shops and industries, has closed August with an increase of around 4.5% to exceed 17,300 GWh, the highest historical value for this month.

This increase was mainly due to higher gas consumption in the industry, which grows around 6%, Enagás explains in a statement. Consumption has increased in most industrial sectors, especially in the paper sector and metallurgy.

Historical record

The demand for natural gas for electricity generation has ended August with a growth exceeding 60%, reaching 7,800 GWh the highest value recorded in this specific month since 2011. This increase has been substantiated by very low hydraulics production and lower wind contribution.

Wind power production in August reached 3,275 GWh, 9.1% lower than the same month of the previous year, accounting for 16.2% of total production, according to REE.

In August, with the information estimated at the 30th day of that month, generation from renewable energy sources accounted for 31% of production.

So far this year, demand for natural gas in Spain has increased by about 9% compared to the same period in 2016 due to growth in conventional demand and natural gas deliveries for electricity generation. Industrial demand is also growing at a pace of around 7%, which reveals the positive evolution of the economy.

Already in July we reported that the heat wave that had hit Spain in the middle of June had notably increased the demand for electricity in the peninsula compared to other months of June. Although 51.7% of that month’s electricity production came from non-CO2-emitting technologies, demand for gas for generation increased and reached 465 GWh on June 21.

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Madcom