• The consumption of gas for power generation is due to close November with growth of around 45% year-on-year
• Furthermore, conventional demand for natural gas is expected to record 12% growth in November
• So far this year, conventional demand has increased by 2.5%
The demand for natural gas for power generation will close November with a growth of about 45% compared with the same month in 2015, reaching approximately 7,400 GWh, the highest figure recorded in 2016.
Furthermore, on 16 November, daily demand for gas for power generation reached 476 GWh, the highest figure for daily consumption since 13 January 2012.
These figures have been motivated by three key factors: the increase of exports of electricity, reduced wind and hydraulic power for the generation of electricity and the shutdown of two nuclear power stations in Spain. This reinforces the role of gas in the mix used for power generation in Spain.
In addition, conventional demand for natural gas, targeted at household, commercial and industrial consumption, is expected to increase in November by 12% year-on-year, up to 25,600 GWh. This increase is driven by both demand from the industrial sector (+11%), as well as the domestic-commercial and SMEs (+22%) sectors, which increases its demand as a consequence of very low temperatures at the start of the month.
So far this year, conventional demand has recorded cumulative growth of 2.5%, as a consequence of an increase in consumption by the industrial sector (3.1%) as well as the household-commercial sector (0.3%).
National demand for natural gas is expected to finalise 2016 with 2% growth versus 2015.