EU gas spending quadrupled in Q2 2022

BRUSSELS, 17 Oct – PRIME. The European Union spent almost four times more on gas imports in the second quarter of this year – about 75 billion euros, of which 23 billion went to purchase Russian “blue fuel”, the European Commission report says.

Gas prices in Europe fell below $1,300 per thousand cubic meters

“The EU spent an estimated €75 billion on gas imports in the second quarter of 2022, compared to €20 billion in the second quarter of 2021. Of these, €23 billion (went – ed.) on Russian gas imports,” the statement reads. German

The increase was mainly due to higher prices, the EC notes.

The EC also reported that the European Union reduced the consumption of “blue fuel” in the second quarter of this year by 16% compared to the same period last year, to 71 billion cubic meters.

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“Gas consumption in the second quarter of 2022 fell sharply by 16%, or 13.9 billion cubic meters year-on-year, to 71 billion cubic meters,” the report said.


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