One week until Drill baby, drill!
Global gas consumption is about 4 Trillion cubic meters per year. This is a decline of about 1.5% from 2021.
Europe’s decline in consumption was 110 billion cubic meters from 2021. This was roughly 19%.
Middle Eurasia (Russia and the various ‘stans) had a consumption increase of about 20 billion cubic meters
Middle East consumption increase about 22 billion cubic meters.
Africa -5 bcm.
Asia flat — because China and India flat (they had trailing covid scares last year)
So the regional increases did not offset the Europe consumption decline and thus the 1.5% overall global decline.
Fairly important conclusion. Europe’s consumption was sharply down. They didn’t maintain life/society via alternate source.
Gazprom (and the other Russian producers of Lukoil, Rosneft etc) produced less than the year before, which obviously means the gas is still underground as an asset.