The demand for natural gas grows 5% in 2021 due to the economic recovery

In addition, the demand for electricity generation has also experienced a growth of 2% compared to 2020

Natural gas

The total natural gas consumption in Spain reached 378.5 terawatt hours (TWh) in 2021, representing an increase in the 5% compared to last year, mainly driven by a recovery in economic activity, after the Covid-19 pandemic that broke out in March 2020, as reported Enagas.

The conventional demand, destined to the consumption of homes, businesses and industries and which represents around 76% of the total, has grown by 6% compared to the previous year, reaching 288 TWh.

This increase has been motivated by the recovery of economic activity, which has meant higher industrial demand, as well as colder temperatures at the beginning of the year.

While the Demand for electricity generation has also experienced a growth of 2% compared to 2020, reaching 90 TWh, mainly due to a lower contribution from hydraulic and nuclear production.

On the other hand, Enagás highlighted that, on the supply side, in an environment of great volatility of international energy markets and thanks to the anticipation measures adopted such as the award of additional ‘slots’ in the Spanish regasification plants, the Spanish gas system has average levels of contracted natural gas capacity higher than in previous winters on the same date.

During the year 2021, the Spanish gas system has functioned normally and with 100% availability 24 hours a day, every day of the year.