Pipeline gas supply to Europe rises 10% year on year in 2016

Pipeline natural gas supply to Europe rose by a little more than 10% year on year in 2016 to a record 298 billion cubic metres, according to grid operator data collated by ICIS.

Russian exports accounted for around two thirds of the overall increase in pipeline supply in 2016, with North Africa accounting for around a third of the year-on-year rise. Norwegian supply was almost unchanged compared to the volume exported in 2015.

ICIS looks at the drivers behind these high imports, in context of decade-low oil prices at the start of 2016, and an outage at Britain’s largest storage site, Rough.

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