2020 hit European gas demand the hardest

European consumption declined markedly, while Asia maintained stable and in fact rising gas consumption.

Photo: Amir Cohen/Reuters/Ritzau Scanpix

European gas consumption dropped by an entire 40 billion Sm3 in 2020, corresponding to a 7-percent dive compared to the previous year. African consumption fell significantly, too, by 26 billion Sm3 compared to 2019, according to an annual review by analyst firm Rystad Energy.

Total natural gas production on the global scale is expected to have dropped 3.6 percent in 2020, when lower oil and gas prices entailed less prospecting and thereby lower outputs. Rystad estimates that a total of 3,918 billion Sm3 were extracted during the year, and that total gas demand has waned by 2.5 percent.

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