Business & Finance

Germany's Jan-Sept gas imports up 19.0pc, cost up 36.4pc

Published November 20, 2017 Updated November 20, 2017 10:26pm

The gas import bill rose to 16.1 billion euros ($18.99 billion) in the nine months on volume of 3,454,858 terajoules (TJ)*, data from trade statistics office BAFA showed.

Germany mainly imports gas from Russia, Norway, the Netherlands, Britain and Denmark.

BAFA no longer provides a breakdown of supply from each country, but Russia is the top supplier by far.

Many continental European gas prices under long-term supply contracts still track crude oil prices, with a time lag, though the importance of virtual gas trading points for spot supplies is increasing.

 

 

Copyright Reuters, 2017