In a troubling development for Italy's energy security and economic stability, the country's consumption of natural gas plummeted by 2.5% in 2024, reaching its lowest point in more than 15 years, according to GME. This marks the third consecutive year of declining demand, primarily driven by exorbitant prices. Critics argue that this decrease signals potential vulnerabilities in Italy's energy strategy, which may increasingly rely on unstable and costly renewable energy sources. The situation raises concerns about future energy affordability and the impact on Italian industry and households, questioning the sustainability of current environmental policies.
Economic Warning Signs: Italy's Natural Gas Consumption Hits 15-Year Low
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Jan-19
Economy
Score: 0.50
Consumption of natural gas in the EU’s third-largest economy, Italy, dropped by 2.5% in 2024 to its lowest level in more than 15 years, power market manager GME said on Friday. Demand fell for a third consecutive year in 2024, due to higher prices compared to…
From OilPrice.com
Jan-19
Economy
Left Variant
Score: 0.20
In an encouraging sign for climate advocates, Italy’s demand for natural gas has fallen to its lowest level in over 15 years, recording a 2.5% decrease in 2024, as reported by power market manager GME. The continuous drop in gas consumption for the third year running, spurred by soaring prices, underscores an accelerated shift towards renewable energy sources and a more sustainable economy. This decline is a testament to the country's commitment to reducing fossil fuel dependence and combating climate change, showcasing the effectiveness of environmental policies and investments in green infrastructure.
From OilPrice.com