2020-12-17 14:00:00
OECD GAS PRODUCTION DOWN
IEA - 16 Dec 2020 - MONTHLY OECD NATURAL GAS STATISTICS
Total OECD indigenous production of natural gas decreased by 3.5% in September 2020 compared to September 2019, with decreases in both the OECD Americas and OECD Asia Oceania and an increase in OECD Europe. The negative trend was led by the OECD Americas (-4.6% y-o-y1), due to a production decline of 5.8% in the United States y-o-y. Production declined by 3.0% y-o-y in OECD Asia Oceania and rose in OECD Europe (4.0% y-o-y), where the positive trend was led by Norway (+37.0% y-o-y), whose increase appears high due to atypical low production last year. Overall, total OECD indigenous production of natural gas decreased by 1.2% on a year-to-date basis2.
Total OECD imports (entries)3 of natural gas declined by 0.4% in September 2020 on a year-on-year basis. This trend was led by the OECD Americas (-14.0% y-o-y) with a 16.1% y-o-y decrease of imports from OECD countries. Both OECD Europe and OECD Asia Oceania balanced the trend with an increase in imports of 1.4% and 0.8% year-on-year, respectively. In terms of pipeline and LNG split, a decrease was observed for LNG imports (-6.5% y-o-y) while pipeline imports increased (+1.9% y-o-y) in the total OECD.
Total OECD exports (exits)3 of natural gas increased by 2.7% in September 2020 compared to September 2019. Both the OECD Americas (-5.7% y-o-y) and OECD Asia Oceania (-0.1% y-o-y) experienced a decrease in exports. Following the same trend as for indigenous production, an increase in exports was observed in OECD Europe (+8.0% y-o-y), mainly to OECD countries (+14.8% y-o-y). Total OECD exports of LNG increased by 1.0% y-o-y, and the trend continued for pipeline exports with a 3.3% increase y-o-y.
Total OECD gross consumption of natural gas increased by 0.9% in September 2020 compared to the same month last year. Consumption declined in the OECD Americas (-1.1% y-o-y), driven mostly by decreases in the United States (-2.0% y-o-y) and Canada (-3.3% y-o-y). Meanwhile, consumption rose in OECD Europe (+3.4% y-o-y) and OECD Asia Oceania (+4.9% y-o-y). Overall, total OECD gross consumption of natural gas decreased by 2.4% on a year-to-date basis.
1. Year-on-year (y-o-y) change over corresponding month of previous year.
2. Year-to-date (y-t-d) change over corresponding period (beginning of year to current month) of previous year.
3. Transit volumes are included. Trade amounts include intra-regional trade.
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