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Italy's gas intake at least expensive in more than 15 years in 2024, GME states

Italy's natural gas intake fell to its lowest level in more than 15 years to 61.7 billion cubic metres (bcm) in 2024, the nation's power market manager GME stated on Friday.

A total 2.5% yearly drop was mainly due to a decline in making use of gas in power generation, while intake by business and households was marginally greater compared to 2023, according to GME.

On the supply side, gas imports fell in 2015 to 58.7 bcm, touching their lowest level given that 2015, GME stated in its newsletter.

In spite of a drop of almost 9% in the year in circulations to Italy, Algeria remained the country's biggest gas company with 21.1 bcm supplied in 2024.

Melted natural gas (LNG) imports fell more than 9% to almost 15 bcm, ranking as the 2nd supply source for the country. Gas coming through pipelines from Azerbaijan remained in 3rd position at 10.3 bcm.

Flows originating from Russia and other European countries through the TAG pipeline increased to 5.4 bcm.

(source: Reuters)