German gas imports fall 2.8% in Jan-April, but bill rises 15.7%



Vera Eckert, Alexander Smith | Reuters

Germany imported 2.8% less natural gas in the first four months of 2021, but its bill rose by 15.7% over a year earlier, data from German trade statistics office BAFA showed.

Traders of gas, power and carbon monitor gas imports because the supply and demand balance can change prices and traded volumes in all three markets.

Gas statistics correlate with coal, which competes with gas in the production of electricity, while also giving clues about demand for mandatory European carbon emissions permits.

BAFA’s monthly figures showed Germany’s January-April imports were 1,881,423 Terajoules (TJ), or 49.7 billion cubic metres (bcm), compared with 1,935,661 TJ a year earlier.

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