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Industry in the Netherlands Uses Less Gas

Written by Reananda Hidayat Permono Completed Master Degree from Curtin University, Perth, Australia.

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The National Statistics Agency CBS announced that households and industries in the Netherlands used 17% less gas between July and October 2022.

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It is around 7.3 million cubic meters of natural gas. However, the import was increasing, predominantly liquid natural gas (LNG).

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EU countries agreed to cut gas usage by 15% to minimize reliance on Russian gas after the invasion of Ukraine. Dutch gas usage has declined 30% compared with the past five years.

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This condition was driven mainly by the Netherlands industry, such as the petroleum and chemical sectors, which minimized its gas consumption by 26% less than in the same period last year.

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Besides the high prices, the warmer weather at the beginning of autumn also played a role. Dutch gas imports increased by 15% throughout July-October 2022, with the volume of LNG nearly doubling.

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Over half of the Netherlands' LNG imports came from the United States, meanwhile 16% from Russia.

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Recently, the Netherlands established a new LNG terminal in Groningen Province. The high gas prices are causing inflation in the country.

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The Netherlands' inflation stood at 9.9% in November, against 14.3% in October. Interestingly, the fall in the inflation rate is mainly caused by the drop in energy prices.

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Food and energy resources were more expensive than in the same month of 2021.

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