Finance
Italy's gas consumption at lowest in more than 15 years in 2024, GME says
Published by Global Banking & Finance Review®
Posted on January 17, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 17, 2025
1 min readLast updated: January 27, 2026
Italy's gas consumption in 2024 dropped to a 15-year low of 61.7 bcm, mainly due to reduced power generation use, while imports fell to 58.7 bcm.
MILAN (Reuters) - Italy's natural gas consumption fell to its lowest level in more than 15 years to 61.7 billion cubic metres (bcm) in 2024, the country's power market manager GME said on Friday.
An overall 2.5% annual drop was mainly due to a decrease in the use of gas in power generation, while consumption by companies and households was marginally higher compared to 2023, according to GME.
On the supply side, gas imports fell last year to 58.7 bcm, touching their lowest level since 2015, GME said in its newsletter.
Despite a drop of nearly 9% in the year in flows to Italy, Algeria remained the country's biggest gas provider with 21.1 bcm supplied in 2024.
Liquefied natural gas (LNG) imports fell more than 9% to nearly 15 bcm, ranking as the second supply source for the country. Gas coming through pipelines from Azerbaijan was in third position at 10.3 bcm.
Flows coming from Russia and other European countries via the TAG pipeline rose to 5.4 bcm.
(Reporting by Francesca Landini, editing by Gianluca Semeraro and David Evans)
The article discusses Italy's natural gas consumption reaching a 15-year low in 2024, as reported by GME.
The decrease was mainly due to reduced gas use in power generation, despite slight increases in household and company consumption.
Algeria remained Italy's largest gas supplier, providing 21.1 bcm in 2024.
Explore more articles in the Finance category
